{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-consolidates-as-market-anticipates-breakout\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-consolidates-as-market-anticipates-breakout\/","headline":"NZDUSD Consolidates as Market Anticipates Breakout","name":"NZDUSD Consolidates as Market Anticipates Breakout","description":"NZDUSD Analysis: The Market Keeps Consolidating As Buyers and Sellers Await A Breakout NZDUSD keeps consolidating as buyers and sellers await a breakout from a triangle pattern. The consolidation phase began after the liquidity grab was below the 0.61910 price level. This was revealed by the Bollinger Bands as they contracted around the 0.61560 support. […]","datePublished":"2023-04-13","dateModified":"2023-04-13","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\/04\/T5IBIiX4-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/04\/T5IBIiX4-2.png","height":627,"width":1194},"url":"https:\/\/forexschoolonline.com\/nzdusd-consolidates-as-market-anticipates-breakout\/","about":["FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":327,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Market Prospect","NZD\/USD","NZDUSD","Price Action","Price Analysis","Technical Analysis"],"articleBody":"NZDUSD Analysis: The Market Keeps Consolidating As Buyers and Sellers Await A BreakoutNZDUSD keeps consolidating as buyers and sellers await a breakout from a triangle pattern. The consolidation phase began after the liquidity grab was below the 0.61910 price level. This was revealed by the Bollinger Bands as they contracted around the 0.61560 support.NZDUSD Significant ZonesDemand Zones: 0.61560, 0.55120Supply Zones: 0.65380, 0.70340\u00a0The market turned bearish in February 2023 when the Bollinger Bands widened to the downside. NZDUSD was initially bullish before the situation changed to the downside. As the price was rejected at the level of 0.55120, the bullish trend started. The bearish order block near 0.57410 was invalidated when the price increased. The surge of buy orders by the buyers at the 0.55120 support was what caused the invalidation. But, in the future, the invalidated order block that was established on October 5, 2022, might reject pricing upward.\u00a0Up until October 2022, the market was in a bearish condition. Before rising to make a swing high at the 0.64690 level, the price consolidated briefly above the 0.61560 support. As the swing high was established, the NZDUSD buyers left the market. On December 13, 2022, the swing high was, however, declared invalid. Prices are still forming a triangle pattern at this time. The market’s next move is anticipated to be determined by a real breakout. Should the price break downward, the breaker block at 0.57410 might reject the price to the upside. In a similar vein, should the price break upward, the bearish order block at 0.64690 might reject pricing to the downside.\u00a0Market Expectation\u00a0On the four-hour chart, NZDUSD is in a bullish trend. The four-hour bullish order blocks have been responsible for the continuation of the bullish trend. The relatively equal highs at the 0.62810 price level are expected to be broken as the price continues upward.Note:\u00a0Forexschoolonline.com is 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."}