{"id":436111,"date":"2026-08-13T02:33:27","date_gmt":"2026-08-12T19:33:27","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nzdusd-seller-are-making-a-play-can-they-push-harder-to-the-downside-436111\/"},"modified":"2026-08-13T02:33:27","modified_gmt":"2026-08-12T19:33:27","slug":"nzdusd-seller-are-making-a-play-can-they-push-harder-to-the-downside","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nzdusd-seller-are-making-a-play-can-they-push-harder-to-the-downside-436111\/","title":{"rendered":"NZDUSD seller are making a play. Can they push harder to the downside?"},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">The NZDUSD has been stuck in a narrow trading range going back to July 30, with most of the price action contained between 0.5858 and 0.5906. Sellers are now making a play for more control, with the pair slipping below the lower end of that range to a low of 0.5853. The current price is trading near 0.5857.<\/p>\n<\/p>\n<p>The question now is whether sellers can take advantage of the break and build downside momentum.<\/p>\n<p>A sustained move below 0.58526, the 61.8% retracement of the decline from the June 1 high, would strengthen the bearish bias and open the door for further selling. The next downside target comes at the 0.5813\u20130.58219 swing area, followed closely by the 50% midpoint of the range since June 1 at 0.58092.<\/p>\n<p>However, sellers still need to prove they can keep the price below the broken range floor. If they fail to capitalize on the move lower, the risk is for another snapback rally. On the topside, the converged 100- and 200-hour moving averages near 0.5877 would be the first key hurdle in the new trading day. A move back above those moving averages would weaken the bearish bias and shift the focus back toward the 0.5906 swing-high area.<\/p>\n<p>Sellers are making their play. Staying below 0.58526 keeps them in control; a failure to extend lower would raise the risk of another rotation back toward the key hourly moving averages.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The NZDUSD has been stuck in a narrow trading range going back to July 30, with most of the price action contained between 0.5858 and 0.5906. Sellers are now making a play&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-436111","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=436111"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436111\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}