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13.12.2018 08:36 AM
Control zones AUDUSD 12/13/18

For the entire week, a local accumulation zone is being formed on the pair.The downward medium-term impulse is still the main movement. Great prices on sale are within NKZ a.

Today the pair is trading near NKZ 1/2 -.7246-0.7239. The test of this zone will allow us to consider selling, the first purpose of which will be the update of the December low. In case of a continuation of the downward model, the medium-term target zone will perform a weekly KZ of 0.7133-0.7120. Reaching this zone will allow you to fix most of the short position. It should be taken into account that at the beginning of next week there will be an expiration of the futures contract. This leaves its mark on the current situation, as there is a transition from one contract to another. This may slightly change the priority model.

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While the pair is trading above the bank level formed at yesterday's Asian session. This indicates continued growth. To confirm the downward momentum, it will require the closure of the US session below the specified zone.

For the formation of a reversal model, it will be necessary for a breakout of the NKZ 1/2 0.7246-0.7239 and close the current US session above it. This will open the way for growth to the weekly KZ 0.7316-0.7304. Sales will have to be abandoned, and purchases will come to the forefront tomorrow. Today, the probability of implementing this model is 30%, which does not allow it to be used for purchases.

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Day short - daily control zone. The zone formed by important data from the futures market, which change several times a year.

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

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

Samanta Kruder,
Analytical expert of InstaForex
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