Control zones for AUDUSD on 08/13/20

The pair's growth from yesterday continued to form an accumulation zone in the medium term. This makes it possible to search for favorable prices for selling the instrument. The WCZ 1/2 0.7209-0.7200 is the main resistance. The probability of renewing the weekly low is 75% while the pair is trading below the specified zone.


Working towards weakening the Australian dollar may become the main one in the second half of August.

Breaking the descending pattern will require closing today's trading above WCZ 1/2. This will indicate a new bullish pattern being formed. The growth target will be the weekly CZ 0.7308-0.7290. If this model gets implemented, then purchases will come to the fore at tomorrow's Asian session.


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 zone formed by important marks of the futures market, which changes 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 -