Wed, 09 Mar 2022 10:05:30 GMT
AUD/NZD trades in ascending pattern
Since November 2021, the AUD/NZD currency exchange rate has been surging in a channel up pattern. Most recently, the rate encountered resistance in a zone that is located below 1.0800. The following decline passed the support of the 50-day simple moving average near 1.0700.
If the pair continues to decline, it would look for support in the 1.0650 mark. Meanwhile,