This analysis focuses on the bearish trend witnessed in the NZD/USD currency pair, primarily caused by the recent announcement from the New Zealand central bank to suspend the upward movement of interest rates. The NZD and USD are prominent currencies in the foreign exchange market, and their exchange rate is influenced by multiple economic factors and central bank policies.
Trade active:
The pair is showing a retracement. Considering the current macroeconomic situation, I would carefully evaluate the potential for a short-selling opportunity.