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2021/07/14 Market Analysis

Authored by TD Markets
14.07.2021
Market Analysis
0
2 min

AUDCAD:

AUDCAD buyers and sellers have no momentum as traders have seen a range in the last 24 trading hours. The bull flag is still intact and as such, a breakout to the upside will confirm bullish continuation.


USDMXN:

USDMXN broke and closed above the resistance trendline and shot straight to the target. Bullish momentum seems aggressive and the possibility of the market continuing the leg is strong.

EURJPY

EURJPY traders are observing the market from a mid-long term perspective; the market rejected the weekly support zone and broke out of the ascending structure as this indicates less orders from the buyers. At the moment the market is trading inside the support and the resistance however, the break and close below the support will see the market continue the bearish leg.

Authored by TD Markets
14.07.2021
Market Analysis
0
2 min

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