NZDUSD – Longs in play

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

Last week I wrote about the strong positive correlation between the AUDUSD and the NZDUSD, and that there was something wrong because the AUDUSD was trading in a bullish market condition while the NZDUSD was trading in a range… well, guess what, the NZDUSD followed the AUDUSD:

NZDUSD
NZDUSD

The NZDUSD just broke both the short term and the long term resistance level triggering a bullish market condition. I’ll be looking for long opportunities, the next LT resistance level is at 0.7311

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 .
ProTradingNow
Free Education
Other
Contact