{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-resumes-its-uptrend-after-a-sell-side-liquidity-grab\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-resumes-its-uptrend-after-a-sell-side-liquidity-grab\/","headline":"NZDUSD Resumes Its Uptrend After A Sell-Side Liquidity Grab","name":"NZDUSD Resumes Its Uptrend After A Sell-Side Liquidity Grab","description":"NZDUSD Analysis: Price Resumes Its Uptrend After A Sell-Side Liquidity Grab NZDUSD resumes its uptrend after a sell-side liquidity grab. Following the sell-side liquidity grab below the 0.62310 price level, the market continued its upward trajectory. While the market has been bullish for a relatively long period, the bulls are not satisfied yet. NZDUSD Significant […]","datePublished":"2023-01-28","dateModified":"2023-01-28","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\/01\/jj.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/01\/jj.jpg","height":627,"width":1194},"url":"https:\/\/forexschoolonline.com\/nzdusd-resumes-its-uptrend-after-a-sell-side-liquidity-grab\/","about":["Article","Article-com","charts","FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Trade Idea"],"wordCount":306,"keywords":["Article","Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Market Prospect","NZD\/USD","NZDUSD","Price Action","Price Analysis","Price Chart","Technical Analysis","Trade idea","Trade Setup","trading"],"articleBody":"NZDUSD Analysis: Price Resumes Its Uptrend After A Sell-Side Liquidity GrabNZDUSD resumes its uptrend after a sell-side liquidity grab. Following the sell-side liquidity grab below the 0.62310 price level, the market continued its upward trajectory. While the market has been bullish for a relatively long period, the bulls are not satisfied yet.NZDUSD Significant ZonesDemand Zones: 0.61560, 0.58140Supply Zones: 0.70340, 0.65760Before the bullish divergence in October 2022, the market’s order flow was bearish as the New Zealand dollar weakened against the U.S. dollar. The downtrend can be traced back to early last year from the major resistance level of 0.70340. Throughout June 2022 and the third quarter of last year, NZDUSD was within the 0.65760 and 0.60610 trading range. On June 14, 2022, the price created a weak low, and after two weeks, the low got invalidated as the price grabbed sell-side liquidity.Between the weak low and the sell-side liquidity grab, a short-term high was created at the 0.63950 price level. The short-term high was algorithmically invalidated on August 14, 2022, as price sought sell orders inside the premium array at the 79.0% Fibonacci retracement level. The selling pressure available at the 79.0% Fibonacci retracement level was the cause of the long downtrend. According to the Stochastic indicator, the downtrend continued even in an oversold region until October 2022. Currently, NZDUSD has already invalidated the previous high at 0.65140; the continuation of the trend is thus highly probable.Market ExpectationNZDUSD is also bullish on the four-hour chart after the Sell-Side Liquidity (SSL) grab. Currently, NZDUSD is seeking buy-side liquidity at the 0.65140 price level. Once the market reaches buy-side liquidity above the price level, the double bottom might be invalidated before the uptrend can continue.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. "}