AUD/NZD Testing Area of Confluence; Further Selling?

Following the pullback from lows of N$1.0903 on 20 March in the AUD/NZD cross (Australian dollar versus the New Zealand dollar) – a move that also completed a longer-term double-top pattern at N$1.1180 – buyers and sellers on the daily chart are squaring off at resistance from N$1.1002. Complementing this area is a trendline that has turned from support to resistance (from the low of N$1.0564), and a 38.2% Fibonacci retracement level at N$1.1008.