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20.08.201905:16 Forex Analysis & Reviews: Control zones for NZD/USD pair on 08/20/19

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The target area of the downward medium-term movement is the weekly CZ of 0.6376-0.6364. Reaching the specified zone will allow you to fix part of the position. Just below the zone is the range of the average monthly course. When the pair reaches this zone, a full fixation of sales is required.

Entering into purchases from current marks is not profitable as there are no signs of demand. While closures of US sessions do not violate the downward structure, it is easiest to work towards a bearish trend.

An alternative model will be developed if the closure of today's US session occurs above yesterday's high. This will indicate the emergence of market buyers who will determine further movement in the week.

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.

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