{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-bulls-struggle-to-recover-pace\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-bulls-struggle-to-recover-pace\/","headline":"NZDUSD Bulls Struggle to Recover Pace","name":"NZDUSD Bulls Struggle to Recover Pace","description":"Market Analysis – Kiwi Buyers Struggle to Regain Momentum NZDUSD bulls struggle to recover pace this week. For the kiwi market, sellers are exerting significant pressure against the struggling bulls this week. The failure of buyers to recover early on has resulted in a gradual decline in bullish momentum. The buyers initially showed strength as […]","datePublished":"2023-12-13","dateModified":"2023-12-13","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\/2023\/12\/vhVIcorB.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/12\/vhVIcorB.png","height":557,"width":1281},"url":"https:\/\/forexschoolonline.com\/nzdusd-bulls-struggle-to-recover-pace\/","about":["Article","charts","Forex Strategies","FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis"],"wordCount":310,"keywords":["Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","NZDUSD","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"Market Analysis – Kiwi Buyers Struggle to Regain MomentumNZDUSD bulls struggle to recover pace this week. For the kiwi market, sellers are exerting significant pressure against the struggling bulls this week. The failure of buyers to recover early on has resulted in a gradual decline in bullish momentum. The buyers initially showed strength as they reached the significant zone of 0.62170. However, the sellers quickly armed themselves and pushed the price back down.NZDUSD Market ZonesResistance Zones: 0.62700, 0.61040Support Zones: 0.58500, 0.57730The strength of the buyers faced considerable pressure when the sellers pulled the price to the 0.57730 significant level. This prompted a renewed sense of hope for the bulls in the market. The Kiwi currency continued to strive forward towards the end of October. However, as December approached, the bears awakened and started to assert their dominance once again.Consequently, there has been a reduction in bullish momentum, with sellers aiming to breach the 0.61040 key level. If the sellers succeed in pulling through, further penetration may be in sight. As it stands, the buyers are losing the battle in the NZDUSD market.The Moving Average Crossing indicator suggests that the market is poised for another golden cross, which could indicate that the bullish sentiment has come to a halt. Despite this, the overall market flow remains in a positive light. The battle for dominance between buyers and sellers may continue to hold for a while longer.Market ExpectationThe sellers are currently keeping the price in check, and we may see a further dive lower. The threat still remains against the buy traders, as they may struggle to regain pace. With this, sellers can see an opportunity to pull lower.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."}