Even though today we must be careful because of the FED’s Interest Rate announcement, the NZDUSD is still in a bearish market condition, and it will continue to be bearish as long as the market continues to trade below 0.7225:
Here is my plan:
As long as the NZDUSD continues to trade below the 0.7225 ST resistance level, I will be looking for short trade opportunities. My next LT support level is at 0.7086
All long opportunities will be ignored.