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

Written by Raul Lopez on . Posted in Trades & Analysis.

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
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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 .
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