{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-witnesses-a-bearish-break-of-structure\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-witnesses-a-bearish-break-of-structure\/","headline":"NZDUSD Witnesses A Bearish Break-of-Structure","name":"NZDUSD Witnesses A Bearish Break-of-Structure","description":"Price Analysis: The market witnesses a new bearish break of structure NZDUSD witnesses a new bearish break-of-structure towards the demand level of 0.5550. A bearish reversal formed after the market reached liquidity, resting above the major high in August 2022. The fall in NZD\/USD price has been lethargic due to the buyers’ will to push […]","datePublished":"2023-10-30","dateModified":"2023-10-30","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\/10\/87Y6JhC3.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/10\/87Y6JhC3.png","height":882,"width":1964},"url":"https:\/\/forexschoolonline.com\/nzdusd-witnesses-a-bearish-break-of-structure\/","about":["Article","Forex Trading Tools","FX Technical Analysis","NZD\/USD","NZDUSD","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":228,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","NZD","NZD\/USD","NZDUSD","Price Action","Price Analysis","Price Chart","Technical Analysis","Trade idea","Trade Setup","USD"],"articleBody":"Price Analysis: The market witnesses a new bearish break of structureNZDUSD witnesses a new bearish break-of-structure towards the demand level of 0.5550. A bearish reversal formed after the market reached liquidity, resting above the major high in August 2022. The fall in NZD\/USD price has been lethargic due to the buyers’ will to push above 0.6680.NZDUSD Key LevelsDemand Levels: 0.5650, 0.5550Supply Levels: 0.6220, 0.6680The market remained stiff after the price reached the August 2022 high. The first test of the bearish resistance trendline aided the sellers in shorting the market and injecting bearish pressure. With the second test of the bearish trendline in July, the buyers were displaced. A rapid fall in price was featured in August 2023.The market witnessed a decent pullback after the impulsive price decline in September. Recently, the lows preceding the retracement have been swept to establish a new break-of-structure.Market ExpectationThe market is experiencing a free fall towards the demand zone of 0.5550. The Parabolic SAR (Stop and Reverse Indicator) points rests above the recent daily candles to support the price decline. The Stochastic indicator is oversold. Hence, a minor retracement towards a fair value gap on the current bearish swing is anticipated.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."}