NZDUSD : LOST ON YOU

Hi traders!

This will probably be the only trade I'm going for before the FOMC Statement this week. As you can see, NU is in a bearish trend that stopped itself for a breather! The price is now ranging and making lower high and higher lows.

Technically, I see and drew a wedge pattern on the last batch of candles. It looks to me that we can stay within this range until it breaks. If the Fed stay true to its word and hike the rates, it should boost further the USD making this pair going for newer 12-month lows!

DXY also has been going up past few weeks now.. suggesting that a new bull trend may be in the works!

Here's what I'm thinking :

NZDUSD SHORT
ENTRY : 0.69134
SL : 0.69727
TP : 0.66871

Trade safe!

Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.