FX.co ★ Control zones for AUDUSD on 07/06/20

The pair's growth in the Asian session today was a logical continuation of the upward momentum that occurred in the second half of last week. Closing today's trading above 0.6933 will indicate an upward priority for the current week.

Work in the upward direction can become the main one for the entire week since the goal is the weekly control zone of 0.7032-0.7014. Testing this area will close most of your purchases.

An alternative model will develop if today's trading closes below the WCZ 1/2. This will indicate the continuation of forming an accumulation zone. The probability of this model being formed is at 30%, which makes it secondary.

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 zone formed by important marks of the futures market, which changes several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.