AUDNZD currency pair under the strong bearish pressure after the pair broke the key support level 1.06000 (which stopped the previous sharp downward impulse wave 1 at the end of May as can be seen from the daily AUDNZD chart below). The breakout of the support level 1.06000 accelerated the active minor impulse waves (iii) and 3. AUDNZD currency pair can be expected to fall further toward the next support level 1.05400 (former monthly low from February coinciding with the daily down channel from April).
