FX.co ★ Control zones for USD/CAD pair on 08/19/19

Any decline in the pair will be corrective. This will enter the purchase again. Yesterday's purchases from 1/2 WCZ of 1.3250-1.3241 must be transferred to breakeven. The purpose of the upward model is a weekly control zone of 1.3378-1.3360. Testing this zone will allow you to record part of the purchases.

Working at current levels will keep purchases and buying at the high of the week is not profitable. Therefore, the formation of a correctional model is necessary.

An alternative model will be developed if the closure of today's American session occurs below the 1/4 WCZ of 1.3292-1.3288. This will entail the formation of an accumulation zone, where 1/2 WCZ of 1.3250-1.3241 will again come to the fore.

Daily short circuit - daily control zone. An area formed by important data from the futures market that changes several times a year.

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

Monthly fault - monthly control zone. An area that reflects the average volatility over the past year.