Since last week’s trading sessions, the Australian Dollar has surged by 1.52% against the New Zealand Dollar. The currency pair breached the upper boundary of an ascending channel pattern on September 30.
Given that the exchange rate has breached the channel pattern, buyers are likely to continue to drive the AUD/NZD pair higher during the following trading sessions.
However, the currency exchange rate could encounter the weekly resistance level at 1.0528 this week
