AUDNZD has been under the bullish pressure lately rising inside the short term impulse wave (c) – which belongs to the extended multi-week upward ABC correction 2 from the middle of March. The price earlier broke the resistance level 1.07500 (top of the previous wave (a)) – which strengthened the bullish pressure on this currency pair. With the strong bullish sentiment affecting Australian dollar today – AUDNZD is expected to rise further toward the next resistance level 1.08650 (former major resistance from last November and the target price for the completion of the active impulse wave (c)).