AUDNZD – Trading in a bearish condition, nexto support: 1.2399

Well, as you already know I like to trade what has a clear market condition, and today I think the AUDNZD has one of the clearest market conditions. It was trading in a short term range around an important LT level (blue level), but earlier this morning it broke through the bottom of the short term range triggering a bearish condition:

Today, I’ll be looking for short opportunities in the AUDNZD (as long as it keeps trading below 1.2533). The next LT support level is at 1.2399

Trade Safe!

Raul Lopez
Forex Course

AUDNZD Analysis

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 .