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10.05.201907:18 Forex Analysis & Reviews: Control zones NZDUSD 05/10/19

Long-term review

The WCZ 1/2 test 0.6599-0.6592 led to a proposal. This opens up opportunities for selling the tool. The first goal of the fall will be yesterday's low. Partial consolidation and transferring the remaining part to breakeven is the optimal strategy. The downward trend is a strong structure, so it will require a major seller to break it.

Exchange Rates 10.05.2019 analysis

The strong demand that could be observed after the test of weekly CZ 0.6542-0.6528 indicates the formation of a market maker level, where it will be necessary to pay attention to the pair's reaction.

For the formation of a reversal model, this will require the closure of today's US session above the level of 0.6599. If this happens, next week's growth target will be the weekly CZ 0.6676-0.6662. As long as the pair is trading below this level, the upward model remains auxiliary.

Exchange Rates 10.05.2019 analysis

Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.

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

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

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Samanta Kruder,
Analytical expert of InstaSpot
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