NZDUSD: Still on Bearish market condition

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:

NZDUSD
NZDUSD

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.

Trade Safe!

Raul Lopez

Forex majors, new zealand dollar, nzdusd, NZDUSD Analysis


Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .