{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-keeps-consolidating-as-buyers-and-sellers-await-a-breakout\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-keeps-consolidating-as-buyers-and-sellers-await-a-breakout\/","headline":"NZDUSD Keeps Consolidating As Buyers and Sellers Await A Breakout","name":"NZDUSD Keeps Consolidating As Buyers and Sellers Await A Breakout","description":"NZDUSD Analysis: The Market Keeps Consolidating As Buyers and Sellers Await A Breakout NZDUSD market is currently consolidating as buyers and sellers await a breakout from a triangle pattern. The consolidation phase began after a liquidity grab occurred below the 0.61910 price level, as revealed by the contracting Bollinger Bands around the 0.61560 support. NZDUSD […]","datePublished":"2023-04-06","dateModified":"2023-04-06","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\/T5IBIiX4-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/04\/T5IBIiX4-1.png","height":627,"width":1194},"url":"https:\/\/forexschoolonline.com\/nzdusd-keeps-consolidating-as-buyers-and-sellers-await-a-breakout\/","about":["FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":246,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","NZD","NZD\/USD","NZDUSD","Price Action","Price Analysis","Technical Analysis","Trade idea","Trade Setup","USD"],"articleBody":"NZDUSD Analysis: The Market Keeps Consolidating As Buyers and Sellers Await A BreakoutNZDUSD market is currently consolidating as buyers and sellers await a breakout from a triangle pattern. The consolidation phase began after a liquidity grab occurred below the 0.61910 price level, as revealed by the contracting Bollinger Bands around the 0.61560 support.NZDUSD Significant ZonesDemand Zones: 0.61560, 0.55120Supply Zones: 0.65380, 0.70340The market turned bearish in February 2023 when the Bollinger Bands widened to the downside. NZDUSD was initially bullish before changing to the downside. The bearish order block near 0.57410 was invalidated when the price increased due to a surge of buy orders at the 0.55120 support, but it might reject pricing upward in the future.Before rising to a swing high at the 0.64690 level, the market was in a bearish condition until October 2022. Prices are currently forming a triangle pattern, and the market’s next move is anticipated to be determined by a real breakout.Market ExpectationOn the four-hour chart, NZDUSD is currently in a bullish trend, with bullish order blocks responsible for its continuation. The relatively equal highs at the 0.62810 price level are expected to break as the price rises. Overall, the market is awaiting a breakout from the triangle pattern, and the next move will depend on whether the price breaks upward or downward.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."}