Control zones for USD / CAD pair on 11.06.19

The probability of further falling is 70% with the determining resistance of 1/2 WCZ of 1.3336-1.3327. As long as the pair is trading below this zone, the momentum will continue. Yesterday's move indicates a small support and a zone of limit buy orders. This may provide an opportunity to sell the tool at a better price. The goal of the decline is the weekly CZ of 1.3189-1.3171.

3dctjGJ65Juk7azhqQyXvf1GwBIK5-3vxpLCNTnv

Purchases from the current levels are not very profitable at a distance since the probability of a downward impulse continues above 70%. Holding the short position opened last week is the best strategy.

An alternative model will be the continuation of the fall from the current levels, which will not allow to get favorable prices for the sale of the instrument. This model is good for those who are already in sales at better prices since their positions are in breakeven.

Zu1xcnoIpEAeUZPRsFByyi_FkjzTCEcAgzJcrqEP

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

Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.

The material has been provided by InstaForex Company - www.instaforex.com