AUDUSD – Trading at an important level

The AUDUSD is trading near a long term level around 0.9917. If you take a look at the short term charts, you’ll see that it is ranging in a not well defined around 0.9990 and 0.9826:

The short term range is not well defined, therefore I’ll wait for the AUDUSD to break the short term range, and then I’ll look for trades in the direction of the breakout.

Trade Safe!

Raul Lopez
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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 .