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2021/06/17 Market Analysis

Authored by TD Markets
17.06.2021
Market Analysis
0
2 min

AUDNZD

AUDNZD dropped +50 pips from the top. It's already half way to completing the setup and hitting the target. 

GBPAUD

GBPAUD is still in a corrective mode as traders have not seen any momentum for the past couple of days, however structurally the market is forming a continuation to the downside. As such sellers are still keeping an eye on the correction as the completion of the structure will see the market dropping to the previous lows.

GBPJPY

GBPJPY failed to break and close above. There has been no momentum in the past couple of days but structurally the market is forming a correction. At this point the market can go either direction. It all depends on which side it will break structure to serve as confirmation.

Authored by TD Markets
17.06.2021
Market Analysis
0
2 min

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