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18.09.201909:57 Forex Analysis & Reviews: Control zones AUDUSD 09/18/19

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Today's sales from Weekly Control Zone 1/4 0.6869-0.6865 must be brought to the target zone of WCZ 1/2 0.6822-0.6829, where part of the position will need to be closed. The rest can be transferred to breakeven in case of continued downward movement and the closure of the main target level of 0.6803.

Work in the downward direction will be the main until today's news on the interest rate of the US dollar. Future plans will have to be reviewed after the increase in volatility expected in the evening.

An alternative model will be developed if the Weekly Control Zone 1/2 test leads to the appearance of large demand. This will allow you to open purchases after the formation of the "false breakdown" pattern of yesterday's minimum. The growth target will be the September maximum, which suggests a favorable ratio of risk to profit of this transaction.

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

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