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04.09.202006:58 Forex Analysis & Reviews: Control Zones AUD USD 04.09.20

The downward movement became a priority after yesterday's close of the US session below the WCZ 1/2 0.7325-0.7316. The growth of the pair should be considered as a correction as the fall was stopped at the zone of the weekly average move. Today, searching for a sell pattern is the main trading plan.

Exchange Rates 04.09.2020 analysis

The first resistance will be the WCZ 1/4 0.7315-0.7311. A test of this zone will allow you to go on sale today. A deeper correction may be formed if the growth continues to the WCZ 1/2 0.7352-0.7343. This will allow you to get the most favorable prices for sale.

As the pair is trading in the zone of the weekly average move, the continuation of the fall from the current levels has a low probability. If the fall will progress and the weekly short-circuit 0.7235-0.7217 is tested, then you can enter corrective purchases after forming the "absorption" pattern on the TF not lower than M30.-

Exchange Rates 04.09.2020 analysis

Daily Control Zone. An area formed by important data from the futures market that changes several times a year.

Weekly Control Zone. An area formed by important marks of the futures market that changes several times a year.

Monthly Control Zone. A zone that reflects the average volatility over the past year.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Samanta Kruder,
Analytical expert of InstaSpot
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