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03.06.202008:37 Forex Analysis & Reviews: Control zones for AUDUSD for June 3, 2020

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Due to rapid growth, the pair has tested the zone of the average weekly course. This may lead to the formation of a correction. The first downward target will be the weekly control zone 1/2 at 0.6894-0.6885. Testing of this zone can show further priority. If the pair continues to trade above the specified zone, the probability of a new monthly low will be above 75%.

It is important to note that the monthly control zone is located a few pips from today's high. If this zone is tested, the likelihood of corrective downward movement will increase.

Alternatively, the pair is likely to fall, if today's trading closes below the level of 0.6885. Tomorrow, it can help look for patterns to sell the instrument. The target is seen at the weekly control zone of 0.6804-0.6786, where the fate of the medium-term bullish impulse will be determined. Sells from the current levels are not profitable.

Daily control zone is a zone formed by important data from the futures market that changes several times a year.

Weekly control zone is a zone formed by the important marks of the futures market, which change several times a year.

Monthly control zone is a zone that reflects the average volatility over the past year.

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