NZDUSD
📉 NZDUSD Short Trade Executed: Initiated a sell position on NZDUSD, anticipating further downside due to recent economic indicators. The Reserve Bank of New Zealand's decision to lower the Official Cash Rate by 50 basis points to 3.75% suggests a dovish monetary stance. Additionally, the pair is encountering resistance around the 0.5738 level, indicating potential for continued bearish momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.