AUDNZD – Broke the bottom of the range

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

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

AUDNZD 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 .
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