AUDCAD – Interesting bearish condition

AUDCAD is the currency pair that I like the most today; it clearly broke the LT support level triggering a bearish market condition:

What is most interesting about the AUDCAD is that the next LT support level is at 0.9272 (more than 450 pips away from where it is currently trading at). So we have plenty of room before the market gets there.

Trade Safe!

Raul Lopez
Forex Training

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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 .