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2021/07/13 Market Analysis

Authored by TD Markets
13.07.2021
Market Analysis
0
1 min

AUDCAD

AUDCAD rejected the support zone and is currently forming a bullish flag. Even though the market has not completely broken the structure, there is a possibility that the flag can expand, however traders are anticipating a bullish leg to create higher highs.


EURCAD

EURCAD aggressively rallied to the upside and created a higher. The bullish leg broke above the daily descending trendline which indicates there is bullish momentum in the market.A rejection on 61.8 fib level will continue the rally to the upside.


USDMXN: (update)

USDMXN closed yesterday has bearish which caused the market to pull down slightly, however the market has not invalidated the setup. Traders are now anticipating a bounce on the support trendline to push the market up

Authored by TD Markets
13.07.2021
Market Analysis
0
1 min

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