{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-plummets-as-sellers-dominate-bearish-order-block\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-plummets-as-sellers-dominate-bearish-order-block\/","headline":"NZDUSD Plummets as Sellers Dominate Bearish Order Block","name":"NZDUSD Plummets as Sellers Dominate Bearish Order Block","description":"NZDUSD Analysis: Price Collapses As Sellers Storm The Market At Bearish Order Block NZDUSD collapses as sellers storm the market at the bearish order block. NZDUSD rallied shortly into the bearish order block after reaching a new low in the 0.6000 area. However, because the overall order flow is negative, the bearish order block will […]","datePublished":"2023-06-28","dateModified":"2023-06-28","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\/06\/YufkdgZI.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/06\/YufkdgZI.png","height":627,"width":1195},"url":"https:\/\/forexschoolonline.com\/nzdusd-plummets-as-sellers-dominate-bearish-order-block\/","about":["Article","FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":297,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","NZD\/USD","NZDUSD","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"NZDUSD Analysis: Price Collapses As Sellers Storm The Market At Bearish Order BlockNZDUSD collapses as sellers storm the market at the bearish order block. NZDUSD rallied shortly into the bearish order block after reaching a new low in the 0.6000 area. However, because the overall order flow is negative, the bearish order block will likely result in a break in the structure.NZDUSD Significant ZonesDemand Zones: 0.5800, 0.55120Supply Zones: 0.62480, 0.65380NZDUSD made an upward reversal on March 6, 2023, after establishing a three-month low. After experiencing intense selling pressure in its overbought condition, the market is now moving downhill. The Stochastic Oscillator provided the overbought indication following the upward correction from the 0.6000 price zone. NZDUSD now appears to be under selling pressure as it falters to continue rising sharply. Price will probably respond to the bearish order block aggressively if the overall trend is to continue.NZDUSD quickly rallied after the current one-year low was established as it soared. On October 16, 2022, after the prior declining trend came to a stop, the low was established. NZDUSD failed to create a significant reversal as the upward trend persisted until the 0.62480 price level was breached. The stochastic oscillator usually stayed above the 80.0 level throughout November 2022. The 0.62480 price level has historically demonstrated substantial resistance to price flow. As a result of the resistance at the 0.62480 price level, the present general trend is likely to continue.Market ExpectationOn the four-hour chart, the price is starting to decline as it records lower highs and lows. As the NZDUSD moves in the direction of the previous low, the bearish trend is anticipated to continue.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."}