NZDUSD On the 4-hour time frame, NZD/USD is creating new highs and lows after breaking two previous resistance levels between 0.56900 and 0.57200, which are now acting as our minor key support. Following a false break, the price retested the 0.56900 level before pushing higher, accumulating increased buying volume. This accumulation suggests the market is preparing to hunt for liquidity.
Our objective is to wait for the price to create additional liquidity within the liquidity zone and observe whether the price breaks above the minor key level (0.57200). A confirmed 4-hour candle close above 0.57200 will validate a bullish bias.