AUDNZD continues to rise inside the short-term corrective wave (b) which started recently from the powerful, multi-month support level 1.0710 (former major resistance from April, May and September, acting as support after it was broken by the previous upward impulse wave (v)). With the strong bearish sentiment affecting the New Zealand Dollar – AUDNZD is likely to extend the gains in the direction of the next key resistance level 1.0840 (top of the previous wave A and the target for the completion of the active wave (b)).