FX.co ★ Control zones for USD/CAD pair on 07/23/19

The main model is growth since the close of trading last month occurred below the monthly control zone. The probability of a return to the level of 1.3164 is 90%. This should be used to build both intraday and mid-term plans. It is important to note that yesterday trading closed above the 1/2 WCZ of 1.3111-1.3102, which indicates a change in priority in marginal zones.

Buying from current levels is no longer profitable, however, any reduction can be used to enter a long position. Growth potential is estimated to be at 94 points.

To cancel the upward movement will require the absorption of yesterday's growth and closing of trades below. The probability of implementing this model is 30%, which makes it auxiliary. The main plan is to maintain already open purchases and the opening of new ones with a decline of 30 points or more.

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.