AUDNZD continues to rise inside the impulse wave (3), which started earlier from the support zone lying between the support level 1.08500 (former monthly low from May), lower daily Bollinger band and the 38.2% Fibonacci correction of the previous sharp upward impulse wave (1). Given the powerful bearish sentiment storm affecting the New Zealand dollar today – AUDNZD is likely to extend the gains toward the next resistance level 1.08000 – followed by 1.08700 (top of the previous impulse wave (1) from the start of June).