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

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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 .