Our team has insightful information on the CADCHF, USDZAR, and NZDUSD that traders may find to be of great interest. We suggest subscribing to our YouTube account and following us on social media for professional analysis and in-depth coverage of market changes if you want to remain up to date on these trends.

CADCHF Analysis

(UPDATE) - CADCHF has rallied +20 pips.

CADCHF is now trading above the neckline of the inverted head and shoulders pattern. This pattern aligns with the channel in that the direction traders anticipate is to the upside. As such, traders are looking for bullish continuation trading opportunities and are targeting a 50 pips move to the top of the channel.

NZDUSD Analysis

(UPDATE) - NZDUSD is currently forming a retracement.

Yesterday was a very bullish day for NZDUSD as the market ended the trading day above the structure level of around 0.61940. This price action is providing signs of bullish momentum. Therefore, traders are looking for trading opportunities to the upside and are waiting for a retest of the structure to confirm a continuation of the upside.

Read More: AUSSIE & KIWI Enters 5th Week of Weakness

USDZAR Analysis

(UPDATE) - USDZAR is also forming a retracement.

The market is now trading below the channel and the previous structure levels. This comes after the market aggressively rejected the weekly timeframe structure high. Overall, it seems that sellers have taken an interest in this market as seen by the aggressive break and close below structure. As such, traders anticipate continuing to the downside and are looking for trading opportunities.

You can get the most recent information and insight from our staff by registering with TD Markets. Our experts carefully analyse changes in market price and give you simple answers so you can understand. Join the most prominent broker in Africa right away by registering right away.