• AUDUSD reversed from support level 0.7570
• Likely to reach resistance level 0.7670
AUDUSD currency pair continues to rise after the earlier upward reversal from the key support level 0.7570 (which has been reversing the price from the end of December), standing near the lower daily Bollinger Band and the 61.85 Fibonacci correction of the previous upward impulse from the middle of November. The upward reversal from this support area created eth daily Japanese candlesticks reversal pattern Hammer.
Given the clear daily uptrend and the growing Australian dollar bullishness seen across the FX markets today – AUDUSD currency pair is likely to rise further toward the next resistance level 0.7670 (top of the previous corrective wave (ii)).