GBPAUD currency pair recently reversed up from the combined support zone lying between the support level 1.82000 (which has been reversing the price from the start of April) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous extended ABC correction (2) from the end of August. Given the strength of the aforementioned support zone and strong bullish sterling sentiment – GBPAUD currency pair can be expected to rise further toward the next resistance level 1.85000 (top of wave (iv) from the middle of October).