NZDUSD Bears Are Driving the Market Into a Major Demand Zone

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

NZDUSD Analysis – July 17

NZDUSD bears are driving the market into a major demand zone. For several months, the market has been in a downtrend along the daily timeline. The current downtrend began a few weeks ago due to the breakout below the previous support level at 0.6570.

NZDUSD Major Zones

Resistance levels: 0.6400, 0.6570
Support levels: 0.5920, 0.5500

EURUSD Continues to Range in a Descending Channel NZDUSD Long-Term Trend: Bullish

The NZDUSD market has been notably bearish since the market trend change a few months ago. The swing highs touching the daily timeframe trendline at overbought regions of the Relative Strength Index (RSI) confirmed the downtrend. As the market continued to fall towards the resistance level at 0.5920, with lower lows and lower highs being formed, NZDUSD had a successful breakout through the previous support at 0.6400.

When the RSI enters the oversold territory, the market does react by correcting itself upward. The Moving Averages (MA) Cross confirms the current trend of the market. The red MA crossing the blue MA downward indicates that the market is currently in a downtrend, and it appears to be doing so to close the Fair Value Gap (FVG) that has since been formed in May 2020.

EURUSD Continues to Range in a Descending ChannelNZDUSD Short Term Trend: Bullish

The NZDUSD market had been respecting the four-hour timeframe trendline until recently when a breakout occurred. For the time being, a true breakout at the four-hour previous support level of 0.6200 is expected to keep the uptrend going. As the market struggles to approach the demand zone at 0.5920, a trend change between the 0.6000 and 0.5920 demand zone is possible.

How To Buy Lucky Block 

Note: 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *