Control zones for USD/CHF on 06/12/20

The downward movement remains a medium-term impulse. Despite this, the pair reached a monthly control zone, which makes it possible to buy the instrument and close all sales. The probability of further declining and updating the monthly minimum has decreased to 25%.

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The pair has not yet formed a reversal pattern even at the daily level, so purchases must be converted to breakeven when testing the nearest resistance zone.

There is a low probability for an alternative fall pattern, so sales from current levels and above are not profitable. It is better to focus on finding favorable purchase prices, as growth prospects are estimated at 200 points or more.

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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