AUDNZD continues to rise inside the accelerated impulse waves (iii) and 3 which recently broke above the key resistance level 1.08600 (which has been steadily reversing the pair from the start of November, as can be seen below). Given the strongly bearish New Zealand dollar sentiment seen today – AUDNZD is likely to extend the gainstoward the next resistance level 1.10000 (target price for the completion of the active impulse wave (iii)).