Today, most currency pairs traded in a very tight range because of the holiday in the US (Thanksgiving Day), there were very few opportunities.

But just about an hour ago, the AUDNZD broke through the ST support level triggering a bearish market condition. As long as it trades below 1.2871 I’m going to be looking for short opportunities:

The next LT support level in the AUDNZD is at 1.2714 (if I find a trade, I’ll set my TP order above this level).

Trade Safe!

Raul Lopez
Forex Training