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2022/01/12 Market Analysis

Authored by TD Markets
12.01.2022
Market Analysis
0
2 min

EURNZD

EURNZD is struggling to create new highs at the moment which could mean there might be a retracing forming. Technically the market has created a support and since there is pressure from the sellers, a break and close below the support zone will see the market pushing down to the 50.0 fib level.

NAS100

NAS100 has rallied to the upside since the last commentary. At the moment the market is at the resistance zone. Failure to create new lower lows will see a break above the zone and continuation to the upside.

USDCAD

USDCAD has pushed down and created new lows since the last commentary. The descending trendline is still holding firm. Sellers are clearly in charge as seen by how aggressive the market broke below the zone, as such a retest of the zone will see more bearish continuation.

Authored by TD Markets
12.01.2022
Market Analysis
0
2 min
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