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It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
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2021/06/14 Market Analysis

Authored by TD Markets
14.06.2021
Market Analysis
0
2 min

AUDNZD

AUDNZD is testing the resistance trendline as well as the daily resistance zone where buyers could be locking in profits in anticipation of the sellers gaining interest in shorting the market, however further rejections from the zone will indicate sellers are in the market. An aggressive rejection and correction will confirm bearish momentum.

GBPJPY

GBPJPY has been slowly forming lower lows and lower highs after an aggressive push to the upside. A break and close below the support zone will see the market dropping even further.

GBPUSD

GBPUSD is still failing to create higher highs after each bounce from a support zone. Sellers will be paying attention on this market as the support zone is getting weak. A break and close below will see sellers gaining interest in the market for shorting opportunities.

Authored by TD Markets
14.06.2021
Market Analysis
0
2 min

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