Control zones USD/CAD 10/03/19

Today, the pair is trading within the upper range of the middle course. This indicates a high probability of the formation of a correctional model and the formation of a flat. Moreover, the downward movement must be used to find favorable prices for the purchase of the instrument. Weekly Control Zone 1/4 1.3290-1.3286 will be the first support zone.

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The probability of closing the week's trading above today's maximum is 30%. Thus, you should not count on the quick implementation of the upward model.

An alternative model will be developed if the closure of today's trading occurs below the Weekly Control Zone 1/4. This will mean the formation of a deep correction and the continuation of the medium-term flat. In this case, tomorrow's work will be to receive purchases at lower prices at the WCZ 1/2 1.3246-1.3237.

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Daily CZ - daily control zone. The zone formed by important data from the futures market that changes several times a year.

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

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

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