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2021/07/02 Market Analysis

Authored by TD Markets
02.07.2021
Market Analysis
0
1 min

CADJPY:

CADJPY broke and closed above the consolidation and shot up 43 pips to target.


GBPAUD:

GBPAUD failed to break and close above the resistance. Currently it's in a consolidation. Traders are keeping an eye on the 1.84560 price level as a break and close will confirm bullish momentum. If the market breaks and closes below 1.84000, this will invalidate the bullish setup.


GBPNZD:

GBPNZD has rejected the 78.6 fib level as well as the support zone. It is also rejecting the 50.0 fib level where there is also an area of structure. Traders are anticipating a break and close above the 50.0 which will automatically break the structure to confirm bullish momentum.

Authored by TD Markets
02.07.2021
Market Analysis
0
1 min

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