Winds of change for the commodity pairs

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

The commodity pairs have been trading in between consistent support & resistance levels lately. They traded for about a day in a short term range and now they are getting ready to change direction (medium term).

AUDUSD – already bearish, as long as it trades below 0.8936
NZDUSD – already bearish, as long as it trades below 0.6998
USDCAD – trading in a short term range, I have a bullish bias but it needs to break 1.0512 for the upside to start looking for long opportunities.

Good luck!

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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