AUDNZD currency pair recently reversed up from the support zone area set between the pivotal support level 1.08500 (which has been reversing the price from the start of this month),20-day moving average and the 61.8% Fibonacci correction of the upward impulse from last month. The upward reversal from this support area created the daily Hammer candlestick
reversal pattern.

Given the strong uptrend and the growing AUD bullish sentiment – this currency pair can be expected to rise further toward the next resistance level 1.09650 (which reversed the price sharply earlier this month).