{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-turns-bullish-after-a-rapid-expansion-to-the-upside\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-turns-bullish-after-a-rapid-expansion-to-the-upside\/","headline":"NZDUSD Turns Bullish After A Rapid Expansion To The Upside","name":"NZDUSD Turns Bullish After A Rapid Expansion To The Upside","description":"NZDUSD Analysis: The Market Turns Bullish After A Rapid Expansion To The Upside NZDUSD goes bullish after a rapid rise to the upside. NZD\/USD is currently in a distribution phase, and a markdown is looming as NZDUSD buyers exit the market. NZD\/USD Significant Zones Demand Zones: $0.61620, $0.55120 Supply Zones: $0.70340, $0.65140 Following a relatively […]","datePublished":"2023-01-12","dateModified":"2023-01-12","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\/q.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/01\/q.jpg","height":627,"width":1194},"url":"https:\/\/forexschoolonline.com\/nzdusd-turns-bullish-after-a-rapid-expansion-to-the-upside\/","about":["charts","Featured Articles","FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":313,"keywords":["Article","Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Market Prospect","NZD\/USD","NZDUSD","Technical Analysis","Trade idea","Trade Setup"],"articleBody":"NZDUSD Analysis: The Market Turns Bullish After A Rapid Expansion To The UpsideNZDUSD goes bullish after a rapid rise to the upside. NZD\/USD is currently in a distribution phase, and a markdown is looming as NZDUSD buyers exit the market.NZD\/USD Significant ZonesDemand Zones: $0.61620, $0.55120Supply Zones: $0.70340, $0.65140Following a relatively long period of rapid price growth to the upside, the NZDUSD entered an overbought region as well as the supply zone to seek sell orders. As the price approached the supply zone at the $0.65140 price level, the last two highs were higher highs in price but lower highs on the Relative Strength Index. This shows that the market is about to experience a bearish divergence. A massive crash to the long side is very likely due to the long period of upside expansion as well as selling pressure at the supply zone and the overbought region.Since the break and retest of the $0.70340 resistance, the market has been typically descending the crest until a clear expansion to the upside in September 2022. The clear expansion to the upside was characterized by numerous breaks of structure as the price kept heading upward. Currently, NZDUSD remains at a premium; the price is expected to dive deep into the trading range and experience either a retracement or a reversal. The current trading range is defined by the $0.65140 and the $0.55120 price levels. The market is currently seeking sell orders within the bearish order block (-OB) region; a rapid decline may occur afterward.Market ExpectationOn the four-hour chart, buy-side liquidity has been grabbed as the price keeps heading to the upside. NZDUSD is expected to sink deeply into discount any moment from now.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."}