AUDNZD currency pair recently reversed up from the combined support zone lying between the pivotal support level 1.07150 (which has been reversing the pair from the start of March – as can be seen from the daily AUDNZD chart below), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from last November. Given the strength of the aforementioned support zone – AUDNZD currency pair can be expected to rise further toward the next resistance level 1.08000 (which stopped the three previous corrections- (iv), 2 and (ii)).