FX.co ★ Control zones NZDUSD 11/13/19

Today, the WCZ 1/2 0.6387-0.6381 was broken, which indicates a strong growth in demand. If today's close occurs above this zone, it will indicate the formation of a reversal pattern. Purchases will come to the fore, and the first growth target will be the weekly control zone of 0.6453-0.6441.

Since the growth was driven by the news, its takeover could happen quite quickly. Closing below the WCZ 1/2 in today's US session will allow you to enter a short position. The target of the decline will be the minimum of the current week.

An alternative model will be developed if news growth continues at the European and American sessions. This will not allow you to enter into purchases at favorable prices and will wait for the weekly control zone test to find a pattern for sale.

Daily CZ – daily control zone. A zone formed by important data from the futures market that changes several times a year.

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

Monthly CZ – monthly control zone. A zone that reflects the average volatility over the past year.