Control zones AUDUSD 01/28/19

Friday's growth led to a breakdown and consolidation above the NKZ 1/2 0.7145-0.7139. This indicates a change of priority to ascending. The growth target was the weekly short-term 0.7214-0.7202, the probability of which is 70%. Purchases from the current marks are not profitable, so you will need to search for more favorable prices. The first support act NKZ 1/4 0.7155-0.7152. When testing this zone, it is necessary to look for a pattern to buy the instrument. Defining support will NKZ 1/2 0.7124-0.7118. While the pair is trading above it, the upward movement will remain a weekly impulse.


It is not profitable to consider selling from the current levels, as the probability of updating the previous week's high is more than 70%. The weekly short-term test, which is the target, will indicate further priority.

Consider the reversal model does not make sense, since in similar situations, the probability of reaching the low of last week below 30%. It will be difficult to get such a favorable risk-to-profit ratio. An alternative model would be to continue growth without an adequate rollback. Test weekly short-term without correction will consider the correction after the appearance of a large proposal. Confirmation of the strength of growth will be the closing of the us session on Monday above the level of 0.7214.


Day short - daily control zone. The zone formed by important data from the futures market, which change several times a year.

Weekly KZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.

Monthly KZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

The material has been provided by InstaForex Company -