XTIUSD recently reversed up from pivotal support level 35.00 (former resistance from the end of May). The upward reversal from this support level started the (b) wave of the active ABC correction B from the middle of April. Given the fact that the daily Stochastic indicator has recently recovered back from the overbought territory – XTIUSD is likely to rise further toward the next resistance level 40.00 (top of the pervious wave (a)) – the breakout of which will lead to further gains toward 45.00.