AUDNZD – Bearish market condition
As you can see in the chart below, the AUDNZD traded for about a day in a short term range around a LT resistance level, but earlier today it broke through the lower limit triggering a bearish condition, and you know that when the market is trading in a bearish market condition, only short opportunities are in play:
The next LT support level is at 1.2849
Trade Safe!
Raul Lopez
Forex Course