The AUD/USD pair is traded in the accumulation zone formed between the two control zones. Working from the borders of the zone is the main plan for the beginning of the week.
The formation of the flat continues, which gives opportunities for purchases from 1/2 CZ of 0.6755-0.6749 and sales from weekly CZ of 0.6826-0.6813. While the pair is trading between these zones, the fixation of transactions should also occur after reaching opposite levels.
It doesn't matter which zone will be tested first. The search for the "false breakdown" pattern can be done at any of the borders.
The model of going beyond the flat will become relevant if the closing of today's American session occurs either above the level of 0.6826 or below 0.6749. Exiting the flat will indicate the further priority of the second half of the month.
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 marks from the important futures market, which changes several times a year.
Monthly CZ - monthly control zone. The area is a reflection of 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.
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