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2021/07/01 Market Analysis

Authored by TD Markets
01.07.2021
Market Analysis
0
1 min

CADJPY

CADJPY aggressively bounced on the demand zone and is currently in a consolidation. Traders are interested in seeing this pair rally up +30 pips as there's a short-term buy opportunity. A break and close above the consolidation will confirm a rally.


GBPAUD

GBPAUD recently broke and closed above a supply zone which traders are expecting to turn into a demand zone, as such momentum to the upside is clear. A break and close above the resistance should see the pair rally to the upside.

GBPNZD

GBPNZD broke structure to the upside and the market has steadily formed higher highs and higher lows. A rejection on the 50.0 or 61.8 fib levels should see the pair rally to the upside

Authored by TD Markets
01.07.2021
Market Analysis
0
1 min

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