About to time to start thinking about longs in the NZDUSD

In the last few weeks I looked for short opportunities on the NZDUSD, and it actually reached the main LT support level.

But now, it looks like the market has been rejected from the main support level, triggering a bullish market condition:

Notice how the NZDUSD traded for a while in a short term range, and once it breaks the short term range, I consider it trading in a bullish condition.

What do you think? Are you going to long it?

Trade Safe!
Raul Lopez

forex, NZDUSD 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 .