AUDNZD under bullish pressure after the earlier upward reversal from the support zone located between the lower weekly Bollinger Band and the strong support level 1.03400 (former yearly low from 2017). The upward reversal form this support zone continues the active weekly correction B. Given the strengthening bullish Australian dollar sentiment seen across the markets today – AUDNZD is likely to rise further toward the next resistance level 1.04700 (which reversed the price twice in December). Strong support remains at the support level 1.03400.