AUDCAD – Clear condition

There are only a few pairs that I see a clear market condition, its like you could almost see that traders and investors are pretty nervous, after yesterday’s periods of volatility… Anyway, one of the pairs that I see in a clear market condition is the AUDCAD:

It just broke through an important LT support level, and it is likely to continue its way down until it finds the next LT support level which is at 0.9272, around 400 pips away from where it is currently trading at.

Only short opportunities are in play in the AUDCAD.

Trade Safe!

Raul Lopez
Forex Training

Tags:


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 .