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06.07.2020 08:35 AM
Control zones for AUDUSD on 07/06/20

The pair's growth in the Asian session today was a logical continuation of the upward momentum that occurred in the second half of last week. Closing today's trading above 0.6933 will indicate an upward priority for the current week.

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Work in the upward direction can become the main one for the entire week since the goal is the weekly control zone of 0.7032-0.7014. Testing this area will close most of your purchases.

An alternative model will develop if today's trading closes below the WCZ 1/2. This will indicate the continuation of forming an accumulation zone. The probability of this model being formed is at 30%, which makes it secondary.

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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.

Samanta Kruder,
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