AUDNZD continues to fall after the recent breakout of the support area lying between the key support level 1.05400 (former monthly low from July, support trendline of the daily down channel from August and the 50% Fibonacci retracement of the previous uptrend from March. Given the predominantly bullish New Zealand dollar sentiment across the currency markets today – AUDNZD is likely to fall further in the active impulse waves (iii) and 3 toward the next support level 1.04800 (former minor correction from the middle of April).