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2021/05/25 Market Analysis

Authored by TD Markets
25.05.2021
Market Analysis
0
1 min

EURJPY:

EURJPY broke aggressively above structure. At the moment the bulls are in control and it is yet to be seen if the bullish leg can test the previous H4 highs, however a retest of the support will continue the leg higher.

GBPNZD

GBPNZD rejected the 50.0 fib level as well as a previous support zone. A break and close above the minor resistance zone will see the bulls continue the leg higher.

NZDCAD

NZDCAD is currently in the middle of the structure which can go both ways. An aggressive break and close above the previous high will see the market rally higher or a break below the previous low will see a further drop.

Authored by TD Markets
25.05.2021
Market Analysis
0
1 min

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