NZDUSD Bulls Attempt Market Reversal Even as Sellers’ Hold Influence

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 Price Analysis – February 28

NZDUSD bulls attempt to reverse price tendencies despite sellers’ prowling movement in the market. Bulls are already trying to mobilize price direction beyond the market zone of 0.68170. However, there was a clutch back in the price propensity to go over the price level due to the sellers’ interest in holding the price level. Before bulls may expect another breakthrough, the price of Kiwi should expect a significant dip as a result of sellers’ interest in the market.

NZDUSD Important Levels

Resistance Levels: 0.68170, 0.72140
Support Levels: 0.66280, 0.65290

NZDUSD Bulls Attempt Market Reversal Even as Sellers’ Hold Influence NZDUSD Long Term Trend: Bullish

NZDUSD analysis shows a bearish breakthrough in the market. The bears’ game began in early November. After price consolidation peaked, the bears prompted price movement downward. Price manipulation breaks off several levels in the market. The market broke through and went below the 0.68170 zone. NZDUSD witnessed an aggregation in price tendency at this level. This came due to sellers’ taking more orders at this level before bearish continuation.

After the price successfully rebounded down to the 0.65290 support zone, the bulls focused on the price. As prices rise, the buyers continue to gain momentum. As the sellers’ influence continues, the Stochastic indicator shows a downtrend. After the initial bullish rejection, the market expects another price push over the 0.68170 support level.

NZDUSD Bulls Attempt Market Reversal Even as Sellers’ Hold Influence NZDUSD Short Term Trend: Bullish

The sellers are holding price movement in a bullish hangout on the 4-hour chart time frame. However, if the bulls increase market tension, the NZDUSD will eventually move over the crucial 0.68170 level. Despite the sellers’ power, the bulls are now ascending towards 0.61870, as seen by the Parabolic SAR (Stop and Reversal).

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 *