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15.03.2019 08:22 AM
Control zones AUDUSD 03/15/19

After consolidating above the NKZ 1/2 0.7078-0.7071, the next growth target was the weekly KZ 0.7153-0.7139. The probability of reaching the specified zone is 70%, which makes any purchase with a risk-to-profit ratio above 1: 3 profitable. Yesterday's decline to the average daily rate made it possible for us to get a favorable price for the purchase of an instrument. Today's plan is to hold a long position.

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Today's movement during the Asian session has achieved significant resistance, so further priority will be confirmed in the next trading session. It is important to note that options will expire on Monday. This may affect the formation of current models.

To cancel the upward movement, it will require the absorption of yesterday's growth and the fall to the NKZ 1/2 0.7232-0.7025. This will make it possible to start work within the accumulation zone. The probability of breakdown of the NKZ 1/2 and closing below it during today's US session is at 30%. This allows you to use this model as an auxiliary.

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Daily KZ - 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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