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03.04.202019:11 Forex Analysis & Reviews: Comprehensive analysis of movement options of AUD/USD, USD/CAD, and NZD/USD (daily) in April 2020. The analysis of the APLs & ZUP

Long-term review
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Minor operational scale (daily time frame)

In the second month of spring - what will happen with the "raw" currencies AUD/USD, USD/CAD, and NZD/USD? Overview of the development of the traffic movement from April 4, 2020.

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Australian Dollar vs US Dollar

Testing and direction of the range breakdown:

  • resistance level of 0.6100 - median line minute;
  • support level of 0.6000 - the upper border of the channel 1/2 median line fork operational scale minute

It will determine the development of the movement of the Australian dollar AUD/USD from April 4, 2020.

Sequential breakdown of support levels:

  • 0.6000 - upper limit of the channel 1/2ML minute;
  • 0.5965 - lower bound of ISL61.8 equilibrium zone of the forks of the operational scale minor;
  • 0.5930 - lower bound of ISL61. 8 equilibrium zone of the forks of the operational scale minute;

Confirm the development of the movement of the Australian dollar in the channel 1/2 median line minute (0.6000 - 0.5860 - 0.5730) with the prospect of reaching the minimum price of 0.5510.

When sharing the breakdown of the median lines (resistance of 0.6100) and median line minor (0.6130) - option of the movement AUD/USD to the upper limit of ISL61.8 (0.6240) zone equilibrium fork operational scale minute and channel borders 1/2 median line (0.6275 - 0.6380 - 0.6490) fork operational scale minor.

The markup of the AUD/USD movement options from April 4, 2020, is shown on the animated chart.

Exchange Rates 03.04.2020 analysis

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US Dollar vs Canadian Dollar

From April 4, 2020, the development of the movement of the Canadian dollar USD/CAD will be determined by the development and direction of the breakdown of the equilibrium zone (1.4000 - 1.4140 - 1.4300) operating scale pitchfork minute - markup for working out these levels is shown on the animated chart (opens in a separate tab).

If the resistance level of 1.4300 is the upper bound ISL38.2 zone equilibrium fork operational scale minute - to achieve the Canadian dollar, the channel borders 1/2 median Line (1.4370 - 1.4490 - 1.4610) fork operational scale minute.

A breakdown of the support level of 1.4000 - the lower limit of ISL61. 8 of the balance zone of the minute operating scale forks - will determine the development of the USD/CAD movement within the boundaries of the balance zone (1.4000 - 1.3840 - 1.3680) and channel 1/2 median line (1.3740 - 1.3610 - 1.3480) a fork of the minor operating scale.

The markup of the USD/CAD movement options from April 4, 2020, is shown on the animated chart.

Exchange Rates 03.04.2020 analysis

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New Zealand Dollar vs US Dollar

The development of the movement of the New Zealand dollar NZD/USD from April 4, 2020, will depend on the development and direction of the breakdown of the 1/2 median line channel (0.5750 - 0.5860 - 0.5970) operating scale pitchfork minute - details of working out the boundaries of the channel 1/2ML minute are shown on the animated chart.

Breakdown of the support level 0.5970 - the lower border of the channel 1/2 median line in the operating scale of the minute - the continuation of the downward movement of the New Zealand dollar to the goals:

  • reaction line RL100.0 pitchfork operational scale Minor (0.5625);
  • minimum of 0.5467.

In the breakdown of the resistance level of 0.5970 - the upper border of the channel 1/2 median line fork operational scale minute - the movement of NZD/USD will be continued within the equilibrium zone (0.5925 - 0.6070 - 0.6210) fork operational scale minute and channel 1/2 median line (0.6180 - 0.6270 - 0.6360) fork operational scale minor.

Marking options for the movement of NZD/USD from April 4, 2020, look at the animated chart.

Exchange Rates 03.04.2020 analysis

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The review is compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing "sell" or "buy" orders).

Ratu Taslim
Analytical expert of InstaForex
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