{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-poises-to-resume-uptrend-after-a-return-from-premium-zone-mitigation-block\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-poises-to-resume-uptrend-after-a-return-from-premium-zone-mitigation-block\/","headline":"NZDUSD Poises to Resume Uptrend After A Return From Premium Zone Mitigation Block","name":"NZDUSD Poises to Resume Uptrend After A Return From Premium Zone Mitigation Block","description":"NZDUSD Analysis – Market Poises to Resume Uptrend After A Return From Premium Zone Mitigation Block NZDUSD is poised to resume its uptrend after a return from the premium zone mitigation block. After reaching a yearly high at $0.65380 in late January 2023, bullish momentum stalled, and NZDUSD fell below $0.60840. During the massive crash […]","datePublished":"2023-09-27","dateModified":"2023-09-27","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\/09\/NaBheErI.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/09\/NaBheErI.png","height":738,"width":1195},"url":"https:\/\/forexschoolonline.com\/nzdusd-poises-to-resume-uptrend-after-a-return-from-premium-zone-mitigation-block\/","about":["Article","charts","FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":299,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Market Prospect","NZD","NZD\/USD","NZDUSD","Price Action","Price Analysis","Price Chart","Technical Analysis","Trade idea","Trade Setup"],"articleBody":"NZDUSD Analysis – Market Poises to Resume Uptrend After A Return From Premium Zone Mitigation BlockNZDUSD is poised to resume its uptrend after a return from the premium zone mitigation block. After reaching a yearly high at $0.65380 in late January 2023, bullish momentum stalled, and NZDUSD fell below $0.60840. During the massive crash from the premium zone, a mitigation block formed at $0.62000. NZDUSD is likely to resume its downtrend after returning to the mitigation block at the premium zone.NZDUSD Significant ZonesDemand Zones: $0.57090, $0.54320Supply Zones: $0.60840, $0.65380NZDUSD initially had a bullish outlook but turned bearish after a key resistance at $0.65380 was hit. This led to two lower lows, reaching $0.60840. A correction phase followed in May 2023, with NZDUSD struggling at $0.63900, disrupting the market structure and leaving a liquidity pool above it. After bouncing from $0.59850 support, a bullish retracement occurred within the range of $0.65380 resistance and $0.59850 support.Seemingly, the bears took over as the market invalidated the equal highs at $0.63800. This led to a significant crash due to prolonged overbought conditions until July ended. The RSI remained above 50.0 throughout this period until the massive crash occurred. A mitigation block formed as the bears sank NZDUSD to the downside. The market is making a significant retracement to the upside. NZDUSD is likely to keep heading upward until the mitigation block is reached.Market ExpectationA change of character to the upside is yet to occur on the four-hour chart. However, NZDUSD is currently heading upward after the sell-side liquidity sweep below the $0.58860 low. Following the invalidation of the $0.60150 major high, the emerging bullish trend is expected to continue into the premium zone.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."}