AUDNZD recently reversed down from the resistance area lying between the key resistance level 1.03200 (former Double Bottom from January), and 61.8% Fibonacci retracement of the previous sharp downward impulse wave (i). The downward reversal from this resistance area created the daily candlesticks reversal pattern Shooting Star. Given the strength of the aforementioned resistance area and the clear daily downtrend – AUDNZD is likely to extend the losses toward the next support level 1.01500 (which formed the daily Morning Star at the end of March).