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FX.co ★ Control zones for AUDUSD on 04/03/20

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Forex Analysis:::2020-04-03T05:20:30

Control zones for AUDUSD on 04/03/20

The priority direction in the medium term is still growth. Yesterday's test of the weekly CZ 0.6035-0.6017 made it possible to enter the purchase. To continue medium-term growth, it is necessary to keep the price above the specified zone by the time the current week has ended.

Control zones for AUDUSD on 04/03/20

Work within the extremes of the current week is the main one, therefore tests of the boundaries of the accumulation zone must be used to search for an entry pattern.

An alternative model will develop if the closing of today's trading occurs below the weekly control zone. This will open the way for a further fall. The first goal of the decline will be the level of 0.5910.

Control zones for AUDUSD on 04/03/20

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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