Control zones AUDUSD 06/14/19

Yesterday, the pair went beyond the average weekly run. Today, it continues to move near the weekly CZ of 0.6887-0.6874, which makes it possible to consider purchases when forming the "false breakdown" pattern. The probability of returning within the average weekly move is 90%, which makes any sales within the daily course unprofitable.

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The best prices for consolidating a short position start at 0.6887. The likelihood of large demand increases significantly, which requires the complete closure of sales.

The alternative decline option has a probability of 30%, which does not make it profitable to trade at a distance. Just below the weekly short-circuit is the annual low, where the fate of the long-term downward movement will be determined.

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

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

Monthly CZ - 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 - www.instaforex.com