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29.06.202005:14 Ανάλυση και κριτικές Forex: Control zones for AUD/USD on June 29, 2020

The quotes closed below the WCZ 1/2 0.6886-0.6877 last week, which indicates a bearish mood in the AUD/USD pair. This means that the main direction of the pair is downward, so any movement upward must be used to find favorable positions to sell the instrument. The nearest resistance level is the WCZ 1/4 0.6891-0.6887.

Exchange Rates 29.06.2020 analysis

The high reached last Friday may become the key level for today, as the closing of quotes within it may change the current trend of the pair. Thus, if the quotes close today above the level of 0.6897 at the American session, a medium-term accumulation will begin to form, from which the bearish mood will gradually disappear.

Exchange Rates 29.06.2020 analysis

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 area formed by the important marks of the futures market, which changes several times a year.

Monthly CZ - monthly control zone. The area that reflects the average volatility over the past year.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Samanta Kruder,
Αναλυτικός εμπειρογνώμονας της InstaForex
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