Based on the current market conditions and news, I see a potential short trade opportunity on NZDUSD. With the Federal Reserve being hawkish and the likelihood of the DXY strengthening, there is a higher probability for the NZD to go down.
Looking at the chart, NZDUSD has recently broken a trendline and is showing bearish pressure. There may be some support at a certain level, but it could continue to move down afterwards and form a clean range.
It's important to use proper risk management when entering a trade. Today, there is high impact news on retail sales, so it's important to keep an eye on that as it could affect the trade. Overall, I'm looking to enter a short trade on NZDUSD based on these factors.
Looking at the chart, NZDUSD has recently broken a trendline and is showing bearish pressure. There may be some support at a certain level, but it could continue to move down afterwards and form a clean range.
It's important to use proper risk management when entering a trade. Today, there is high impact news on retail sales, so it's important to keep an eye on that as it could affect the trade. Overall, I'm looking to enter a short trade on NZDUSD based on these factors.