{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-again-rekindles-another-buy-flames\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-again-rekindles-another-buy-flames\/","headline":"NZDUSD Again Rekindles Another Buy Flames","name":"NZDUSD Again Rekindles Another Buy Flames","description":"Market Analysis: NZDUSD Goes Up Again NZDUSD rekindled the buying flame this week. The buyers have made a strong comeback in the market. They have pushed the price higher than the sellers did in the last two days. The sellers tried to lower the price to 0.58510 in the key zone, but they failed. The […]","datePublished":"2023-11-17","dateModified":"2023-11-17","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:\/\/s3.tradingview.com\/snapshots\/g\/gDw9acgz.png","url":"https:\/\/s3.tradingview.com\/snapshots\/g\/gDw9acgz.png","height":"589","width":"1195"},"url":"https:\/\/forexschoolonline.com\/nzdusd-again-rekindles-another-buy-flames\/","about":["Forex Trading Tools","FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":297,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","NZD","NZD\/USD","NZDUSD","Price Action","Price Analysis","Technical Analysis"],"articleBody":"Market Analysis: NZDUSD Goes Up AgainNZDUSD rekindled the buying flame this week. The buyers have made a strong comeback in the market. They have pushed the price higher than the sellers did in the last two days. The sellers tried to lower the price to 0.58510 in the key zone, but they failed. The buyers took over from there and started to buy more. Today, the market had a big increase that showed the buyers’ power. NZDUSD buyers want to keep going up this week. They had a setback last week, but they are not giving up. More traders are likely to join the buyers and help them break above the significant level of 0.60000.NZDUSD Market ZonesResistance Levels: 0.64000, 0.60640Support Levels: 0.58510, 0.57610The Stochastic Oscillator shows that the buyers are active and confident. The Momentum indicator shows that the buyers have a lot of strength. The daily chart suggests that the buyers have the advantage. This therefore shows that the bulls now have a solid advantage to dispose sellers for the main time. Although the bears have been actively posing strength all through last week,The sellers do not have enough force to reverse the trend. This means that the buyers have more chances to continue rising this week. The price may go up to the 0.60000 market level again. Buy traders therefore need to take advantage of the current situation.Market ExpectationThe short time frame is also synchronized with the present gain on Kiwi. The Bulls appear to keep maintaining the lead. More bullish liquidity is yet to be seen as the week goes by.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."}