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AUDNZD – Bullish condition

The AUDNZD is trading in a bullish market condition, it got rejected from an important LT support level:

As long as the AUDNZD trades above 1.3016 I’ll be looking for long opportunities.

Trade Safe!

Raul Lopez
Forex Training

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This entry was posted on Tuesday, June 14th, 2011 at 8:57 am and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “AUDNZD – Bullish condition”

  1. Anonymous says:
    June 15, 2011 at 8:51 pm

    short at 1.3115 area on 15 min

  2. Anonymous says:
    June 15, 2011 at 4:22 pm

    I see a weekly divergence on( Rsi 21)…if i was trading this paii would be looking to go short around 1.3380 area

    • Raul Lopez says:
      June 15, 2011 at 4:44 pm

      Hello Smita,

      Its pretty close to the LT resistance level, missed it by 29 pips… Now I need to wait and see how the market behaves around that level…

      Trade Safe!

      Raul