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 <p>The 50% Fibonacci expansion (1.1008) appears to have stifled buying pressure for the time being, with psychological resistance at the 1.10 level proving to be a significant challenge for AUD bulls.</p><p>That being said, AUD/NZD may be gearing up to extend its climb higher as it carves out a <a href="https://www.dailyfx.com/education/technical-analysis-chart-patterns/bull-flag.html?ref-author=Moss">Bull Flag</a>continuation pattern above the August 18 swing-low (1.0930).</p> 

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