{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-bearish-sentiment-persists-as-sellers-dominate\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-bearish-sentiment-persists-as-sellers-dominate\/","headline":"NZDUSD Bearish Sentiment Persists as Sellers Dominate","name":"NZDUSD Bearish Sentiment Persists as Sellers Dominate","description":"Market Analysis- kiwi Bearish Dive Loses Steam NZDUSD bearish sentiment persists as sellers dominate. The Kiwi has been experiencing a downward trajectory as bearish sentiment continues to persist. The bears have been the center of focus for several months now, exerting their influence on the market. Although the currency pair was expected to breach the […]","datePublished":"2024-01-25","dateModified":"2024-01-25","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\/01\/Cye62OUl.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/01\/Cye62OUl.png","height":545,"width":1281},"url":"https:\/\/forexschoolonline.com\/nzdusd-bearish-sentiment-persists-as-sellers-dominate\/","about":["Article","charts","Forex","Forex Strategies","FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis","Trade Idea","Trading","Trading strategy"],"wordCount":296,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","NZDUSD","Price Action","Price Analysis","Price Chart"],"articleBody":"Market Analysis- kiwi Bearish Dive Loses SteamNZDUSD bearish sentiment persists as sellers dominate. The Kiwi has been experiencing a downward trajectory as bearish sentiment continues to persist. The bears have been the center of focus for several months now, exerting their influence on the market. Although the currency pair was expected to breach the 0.60670 price zone, their recent attempt has triggered a reaction from buyers. This has resulted in the bears being held back, making it difficult for sellers to puncture through this key level.NZDUSD Key LevelsResistance Levels: 0.63780, 0.62220Support Levels: 0.60670, 0.58570Since the beginning of this year, the bulls have shown a lack of momentum in their pursuit of expansion. The price made a U-turn after reaching the significant level of 0.63780. Following this reversal, the bears have been pushing the price lower for several weeks. The sellers are still lingering, waiting for further opportunities to drive the price even lower.However, the daily chart now presents buyers entering the scene. This can be seen as an opportunity for a retracement before sellers regain control. The Stochastic Oscillator, a momentum indicator, is currently at an overbought angle.This suggests that buyers are likely to build up strong influence before sellers regain momentum. Market traders should be on the lookout for price retracements before considering potential bearish setups. However, it is important to note that the sell trend is still dominant for the Kiwi (NZD) against the USD.Market ExpectationIn the short time frame, the buyers are holding out against selling sentiment. The struggle is still likely to present itself for a while.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."}