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FX.co ★ Control zones for AUD/USD on 03/23/2020

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Forex Analysis:::2020-03-23T05:09:55

Control zones for AUD/USD on 03/23/2020

The increase in margin requirements on the exchange occurs for the third consecutive week. This indicates the expectation of increased volatility on the exchange. The growth that occurred at the end of last week allows us to consider the upward movement as an opportunity to find more favorable prices for selling the instrument in the medium term.

Control zones for AUD/USD on 03/23/2020

The emerging accumulation zone allows you to search for both purchases and sales from significant resistance and support zones. This gives you freedom of action and allows you to earn within the range.

An alternative model for continuing the decline will come to the fore if today's closing occurs below the weekly CZ of 0.5626-0.5608. In this case, any growth can be used to sell the instrument. Due to increased volatility, the target levels were pushed back by 200 points.

Control zones for AUD/USD on 03/23/2020

Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which changes several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Analyst InstaForex
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