16.03.202008:42 Forex Analysis & Reviews: Control zones for USD/CHF on 03/16/20

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Today's plan will depend on how the pair responds to the Weekly Control Zone defining support zone 1/2 0.9456-0.9445. If the reaction is an increase in demand and the pattern of "absorption" is formed, then purchases will come ahead. The next target of growth will be the weekly control zone 0.9663-0.9641.

Now, developing the upward direction remains a priority, as growth is a medium-term impulse.

An alternative decline model will be developed if today's trading closes below the Weekly Control Zone 1/2. This will allow the pair to return to the limits of the average course of the month and implement a priority correction model. The next target will be a weekly control zone 0.9346-0.9325. A test of this zone will lead to a return to the of the average move of the previous week in the future.

Daily CZ - daily control zone.The zone formed by important data from the futures market that changes several times a year.

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

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

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