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12.09.201906:03 Forex Analysis & Reviews: Control zones AUDUSD 09/12/19

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Work in the upward impulse involves the search for favorable prices for the purchase of an instrument. Any decline should be considered for the appearance of a pattern of continued growth. The nearest support is Weekly Control Zone 1/4 0.6853-0.6849. During the third day, the pair tests this zone, which leads to the emergence of demand.

Exchange Rates 12.09.2019 analysis

Continued growth is more likely while the pair is trading above the WCZ 1/2 0.6819-0.6812. Holding on to open purchases is also a good option.

The formation of an alternative model will require the emergence of a strong supply, which will allow the pair to gain a foothold below the WCZ 1/4. If this happens, then corrective sales will come to the fore. In turn, the goal of the reduction will be WCZ 1/2, where the fate of the upward impulse will be determined.

Exchange Rates 12.09.2019 analysis

Daily CZ - daily control zone. An area 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. An area that reflects the average volatility over the past year.

Samanta Kruder
Analytical expert of InstaForex
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