{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/kiwi-nzdusd-tests-ground-for-breakout-as-bears-hold-strong\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/kiwi-nzdusd-tests-ground-for-breakout-as-bears-hold-strong\/","headline":"Kiwi (NZDUSD) Tests Ground for Breakout as Bears Hold Strong","name":"Kiwi (NZDUSD) Tests Ground for Breakout as Bears Hold Strong","description":"Market Analysis- NZDUSD Attracts Sell Pressure\u00a0 Kiwi tests ground for a breakout as bears hold strong. The Kiwi (NZDUSD) is currently testing the ground with more intention for a breakout. Although the bears have yet to strongly establish their dominance this week, the pair has traded weaker over the past two days. The bulls have […]","datePublished":"2024-02-16","dateModified":"2024-02-16","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/02\/SQqT92hy.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/02\/SQqT92hy.png","height":545,"width":1281},"url":"https:\/\/forexschoolonline.com\/kiwi-nzdusd-tests-ground-for-breakout-as-bears-hold-strong\/","about":["Article","charts","FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Support & Resistance","Technical Analysis","Trade Idea","Trade Setups","Trading"],"wordCount":280,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","NZD\/USD","NZDUSD","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"Market Analysis- NZDUSD Attracts Sell Pressure\u00a0Kiwi tests ground for a breakout as bears hold strong. The Kiwi (NZDUSD) is currently testing the ground with more intention for a breakout. Although the bears have yet to strongly establish their dominance this week, the pair has traded weaker over the past two days. The bulls have been attempting to initiate a strong rally, but they have faced resistance this week. Since the beginning of the year, NZD\/USD has been in a weaker state. The buyers failed to break beyond the significant level of 0.63670.Kiwi Key LevelsResistance Levels: 0.63670, 0.62850Support Levels: 0.59350, 0.58340This allowed the bears to regroup and exert their strength in the new year. As a result, the price fell to as low as the 0.60600 level, which has become a testing ground for the bears. While there have been initial attempts to break through this level, the bears have thus far been unsuccessful. However, it is important not to underestimate their influence, as the bearish trend still holds significant power. It is only a matter of time before we see a breakthrough in the NZDUSD price this week.\u00a0Market ExpectationThe Stochastic Oscillator indicates that sellers are holding more strength to push the price lower. Traders should prepare for a bearish breakthrough in the market and consider utilizing the best forex signals available to maximize profit potential. If sellers manage to drive the price lower, it will confirm a strong bearish trend for the Kiwi this week.Note:\u00a0Forexschoolonline.com\u00a0is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. "}