{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-creeping-closer-to-long-term-resistance\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-creeping-closer-to-long-term-resistance\/","headline":"NZDUSD Creeping Closer to Long Term Resistance","name":"NZDUSD Creeping Closer to Long Term Resistance","description":"The bulls have been in strong control of the NZDUSD price in recent times. Price has been roaring higher without taking a breather at all. As we know no market can go straight up or straight down and corrections in the way of retraces back to value areas have to occur at some point. Because […]","datePublished":"2012-06-21","dateModified":"2019-08-04","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:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/06\/nzdusd.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/06\/nzdusd.png","height":"230","width":"584"},"url":"https:\/\/forexschoolonline.com\/nzdusd-creeping-closer-to-long-term-resistance\/","about":["Price Action Charts in Focus"],"wordCount":139,"articleBody":"The bulls have been in strong control of the NZDUSD price in recent times. Price has been roaring higher without taking a breather at all.As we know no market can go straight up or straight down and corrections in the way of retraces back to value areas have to occur at some point.Because of this it may be a good time to begin looking for areas to short this pair from a\u00a0proven\u00a0resistance area.Price is very close to the long term old support level on this pair and traders could look for this level to hold as new resistance should price test it. Bearish Price Action at this level could signal a retrace of price back to an area of value for traders to get long with the trend. NZDUSD DAILY CHART  "}