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26.06.202004:27 Forex Analysis & Reviews: Control zones for AUD/USD on June 26, 2020

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The main direction of trading today is downwards, at which more favorable sell positions will be available, after the quotes form a reversal pattern in the charts. Today, the pair tested the WCZ 1/4 0.6897-0.6893, which gives light to sell positions in the market. The target of the bearish move is the weekly control zone 0.6796-0.6778.

The bearish mood may persist in the market next week as well, which will help keep sell positions and allow additional entries for short positions.

Meanwhile, a resumption of growth is unlikely to happen, so consider it only if today's trading closes above the WCZ 1/4, as it will continue movement within the medium-term accumulation zone formed in June.

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 the important marks of the futures market, which changes several times a year.

Monthly CZ - monthly control zone. The area that reflects the average volatility over the past year.

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