30.04.202010:50 Forex Analysis & Reviews: Control zones of USD/CHF for April 30, 2020

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The current week's trading occured in a narrow range between two significant control zones. Resistance remains at the WCZ 1/2 0.9777-0.9759. Attempts to consolidate above the specified zone were unsuccessful, so it is necessary to keep sales open this week.

Today's move could be decisive for next week. If trading closes below the WCZ 1/4, franc will rally for the next 3-4 days.

If today's trading closes above the WCZ 1/2, an alternative model will develop, to which bearish mood will be canceled, opening opportunities to buy the pair. The goal for growth will be March's high.

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.

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