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2021/06/18 Market Analysis

Authored by TD Markets
18.06.2021
Market Analysis
0
1 min

AUDNZD

AUDNZD is approaching the resistance zone after dropping +50 pips. Sellers would want to observe the market as the market might break above the resistance since the drop wasn't significant. A break and close above the resistance will indicate more upside momentum.


GBPAUD

GBPAUD has not completed the correction and ended up testing the previous high where there is a possible structure developing. An aggressive rejection from the resistance and a correction will see the market dropping.

GBPJPY

GBPJPY dropped +200 pips from the range and is still dropping. More continuation setups will see a further drop.

Authored by TD Markets
18.06.2021
Market Analysis
0
1 min

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