USDCHF and NZDUSD update

A few days back I posted about these two currency pairs, since then, the market conditions have changed, so here is an update:

The NZDUSD broke the bottom of the short term range, but it retraced and didn’t follow through. We need to redefine the new range, here is the new one:

New range: 0.7588 and 0.7508, I’ll wait for the market to break this range before looking for any trade opportunity.

We had the USDCHF in a bearish market condition, it broke the short term range, but based on how it has been trading in the last hours, I think it would be best to redefine the ST range and define a new one:

New range: 0.9565 to 0.9773. We are still waiting for the market to break the range before we start looking for a trade opportunity.

EURNZD Trade update: The order has been canceled, it closed below the low of our trigger pattern.

Trade Safe!

Raul Lopex
Forex Training

NZDUSD Analysis, USDCHF 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 .