Yes, it might be the beginning of a downtrend, who knows. I am trying to pick up good Risk-Reward opportunities based on intraday momentum, this way you can trade both sides (up or down) regardless the direction on the daily :-).
I do not need to be necessarilly 100% right but profitable.
It seems like RBNZ interest rate hike will be quite included in the price ~ when it is announced, it will have a hike creating a fresh new?? but a lot of people might try to sell at the hike??? I think rate increase is quite embeded inside the NZDprice.