NZDUSD: Trading at an important level, waiting for confirmation

Written by Raul Lopez on . Posted in Trades & Analysis.

The NZDUSD is trading around an important LT resistance level:

NZDUSD
NZDUSD

We need to wait for the NZDUSD to break either the ST support or resistance level to have a clear market condition.

My Trading Plan:

If the NZDUSD breaks the ST resistance level, I will be looking for long trade opportunities

If the New Zealand dollar breaks the ST support level, it will trigger a bearish market condition.

If it keeps trading in between the ST range, I will do nothing.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

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 .
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