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2021/06/21 Market Analysis

Authored by TD Markets
21.06.2021
Market Analysis
0
1 min

AUDNZD

AUDNZD recently rejected the resistance zone and dropped 38 pips. Sellers are keeping a close eye on this pair as they are anticipating the market to drop and form lower lows. Any bearish continuation setup/pattern will push the market further down.


EURGBP

EURGBP rejected the support zone and formed a V-formation. Buyers will be interested in this pair as the market dropped correctly before rejecting the support. A retest of the descending trendline will see the market pushing higher.

NZDCAD

NZDCAD is at the support zone. The drop to the support had no momentum which indicates that sellers are closing positions. As such any continuation setup to the upside will see the market pushing higher.

Authored by TD Markets
21.06.2021
Market Analysis
0
1 min

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