FX.co ★ Control zones for AUD/USD on 04/17/20

The pair is trading today above the monthly control zone of April. This increases the probability of a resumption of decline and return to its border up to 90%. Purchases from current marks are not profitable. To sell the instrument, the formation of the "absorption" pattern at the weekly control zone 1/2 0.6364-0.6355 is necessary.

Working in accumulation zones imposes restrictions, since the probability of the appearance of demand and supply appearing at the borders increases significantly.

An alternative model will be developed if today's Asian session closes above the weekly control zone 1/2. This will allow us to sell the pair on a weekly control zone 0.6463-0.6445 in the future. However, purchases will not be profitable, since the pair is trading outside the monthly control zone.

Daily CZ - daily control zone. The 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. The zone that reflects the average volatility over the past year.