FX.co ★ GBP/USD

I see that NZD/USD has been moving up from the January 13 low at 0.55409. I do not take into account the sharp impulse from the trade war declared by Trump, which briefly dropped the pair to 0.55158. I have no doubt that this uptrend is well established. I assess the latest movements on the daily chart differently from your perspective. I observe that the last pullback only managed to push the pair down to 0.57050 on Monday. I find it significant that after this level was reached, the pair did not decline further. I notice that all the daily candles either open, if the pair is rising, or close, if the pair is falling, at almost the same level. I believe this price action indicates that a large participant or multiple market players are accumulating counter liquidity. I expect this accumulation phase to lead to a strong upward move. I cannot determine exactly when this breakout will occur, but I am confident that it is only a matter of time. I see this phase as a critical buildup before a significant trend continuation. I remain watchful for further confirmation of this accumulation pattern. I anticipate that once this liquidity absorption is complete, the price will likely push higher with strong momentum. I maintain my bullish outlook on this pair based on these observations.

I see that NZD/USD has been moving up from the January 13 low at 0.55409, disregarding the sharp impulse from the trade war declared by Trump, which briefly dropped the pair to 0.55158. I acknowledge this uptrend without question. However, my assessment of the latest movements on the daily chart differs significantly. I noticed that the last pullback only managed to push the pair down to 0.57050 on Monday. Since then, I have observed that daily fluctuations have not driven the pair lower. I find it striking that all the candles either open, if the pair is rising, or close, if the pair is falling, at nearly the same level. I interpret this behavior as a sign that a large market participant, or multiple participants, are accumulating counter liquidity for an impending move higher. I cannot predict exactly when this upward movement will begin, but I am certain that it is only a matter of time before it unfolds.