AUDUSD recently broke the resistance area lying between the resistance level 0.6400 (former support from March, which stopped the previous impulse wave (i)) and the 61.8% Fibonacci correction of the earlier downward impulse wave (3) from December.
The breakout of this resistance area accelerated the active impulse wave C – which belongs to wave (4) from March.
AUDUSD is expected to rise further toward the next pivotal resistance level 0.6680 (top of the previous correction 4 and the target for the completion of wave C)
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