Update on the AUDUSD

On a recent post I wrote about the AUDUSD, back then it was trading in a bullish condition, it was clear that it broke through an important ST resistance level, but it retraced back and started to trade again in a short term range:

How did this change what I thought about the AUDUSD?

Well, it broke through the ST resistance level, but it retraced back and traded again inside the range, so what I did is just increased the size of the short term range. Now I need again the AUDUSD to break the new range before I start looking for trade opportunities.

Trade Safe!

Raul Lopez
Forex Course

AUDUSD Analysis, forex

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 .