FX.co ★ Control zones for NZD / USD pair on 09/18/19

Working within the framework of the current movement involves the formation of corrective upward movement. The main resistance of 1/2 WCZ is at 0.6384-0.6378. While the pair is trading below this zone, the bearish movement remains an impulse and the probability of updating the weekly minimum is 70%.

Before the release of important news tonight, it is necessary to bring all open positions to breakeven. If unused limit orders remain, then they must be liquidated.

An alternative model will be the growth to 1/2 WCZ of 0.6384-0.6378. Testing this zone will allow you to get the most favorable prices for the sale of the instrument. The resulting accumulation zone will serve as a starting point in determining further priority. To break the downward impulse, it will be necessary to close today's trading above a WCZ.

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.