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FX.co ★ Control zones for AUDUSD on 04/28/20

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Forex Analysis:::2020-04-28T04:15:31

Control zones for AUDUSD on 04/28/20

Today's trading takes place within the weekly control zone of 0.6453-0.6435. This will make it possible for you to consider two options when trading. The first and main option is to return the price to the upper limit of the monthly control zone of April at 0.6322. The probability of this event is 90%. Before the decline, forming a false breakout pattern of yesterday's high may be required.

Control zones for AUDUSD on 04/28/20

Work between the weekly control zone and WCZ 1/2 could become the main one in the first half of the week. It is important to remember that the probability of returning to a monthly control zone does not allow you to consider buying from current marks.

Control zones for AUDUSD on 04/28/20

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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