empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

14.09.202018:42 Forex Analysis & Reviews: Comprehensive analysis of movement options for the commodity currencies AUD/USD & USD/CAD & NZD/USD (H4) on September 15, 2020

Long-term review

Minute operational scale (H4)

What will happen to commodity currencies in the second half of September? Overview of the movement options for AUD/USD & USD/CAD & NZD/USD (H4) on September 15, 2020.

____________________

Australian dollar vs US dollar

The Australian dollar AUD/USD will continue to develop its movement within the boundaries of the equilibrium zone from September 15, 2020 (0.7240 - 0.7275 - 0.7305) of the Minuette operational scale forks and channel 1/2 Median Line (0.7280 - 0.7320 - 0.7360) of the Minute operational scale forks, taking into account the direction of the range breakdown:

  • resistance level of 0.7305 - the upper boundary of ISL38.2 of the equilibrium zone of the Minuette operational scale fork;
  • support level of 0.7280 - the lower border of the channel 1/2 Median Line of the Minute operational scale fork.

The markup of the options for the AUD/USD movement, based on the development of the above levels, is presented on the animated chart.

The upward movement of AUD/USD will continue after the breakout of the upper border of the channel 1/2 Median Line of the Minute operational scale fork - resistance level of 0.7360 - and will be directed to the initial lines - SSL Minuette (0.7415) and SSL Minute (0.7430).

A continuation of the downward movement of the Australian dollar will be possible after breaking the lower border ISL61.8 of the equilibrium zone of the Minuette operational scale fork - support level of 0.7240 - and it will be directed to the boundaries of the equilibrium zone (0.7200 - 0.7130 - 0.7060) of the Minute operational scale fork.

The options for the movement of AUD/USD from September 15, 2020 are shown on an animated chart.

Exchange Rates 14.09.2020 analysis

____________________

US dollar vs Canadian dollar

The development of the movement of the Canadian dollar USD/CAD from September 15, 2020 will continue in the boundaries of channels 1/2 Median Line of the Minuette operational scale fork (1.3110 - 1.3140 - 1.3165) and Minute (1.3115 - 1.3165 - 1.3225) with respect to the direction of the breakout of a tight range:

  • resistance level of 1.3175 - 1/2 Median Line Minute;
  • support level of 1.3165 - the upper border of the channel 1/2 Median Line of the Minuette operational scale fork.

Details of working out the above levels of fork lines are shown on the animated chart.

The downward movement of USD/CAD can be continued in the event of a breakdown of the support level of 1.3110 at the lower border of the channel 1/2 Median Line Minuette and will be directed to the equilibrium zone (1.3065 - 1.3020 - 1.2975) of the Minuette operational scale fork.

The development of the upward movement of the Canadian dollar will take place after the breakdown of the resistance level of 1.3225 at the upper border of the channel 1/2 Median Line Minute and will be directed to the goals:

  • local maximum 1.3259;
  • UTL control line (1.3265) of the Minuette operational scale fork;
  • lower limit of ISL38. 2 (1.3300) of the Minute operational scale fork.

Options for USD/CAD movement from September 15, 2020 are shown on the animated chart.

Exchange Rates 14.09.2020 analysis

____________________

New Zealand dollar vs US dollar

The development of the movement of the New Zealand dollar NZD/USD from September 15, 2020 will occur depending on the development and direction of the range:

  • resistance level of 0.6715 - the lower border of ISL38.2 of the equilibrium zone of the Minute operational scale fork;
  • support level of 0.6695 - the upper border of the channel 1/2 Median Line Minute.

The breakdown ISL38.2 Minute - resistance level of 0.6715 - option of the movement of NZD/USD to the boundaries of the equilibrium zone of the Minute operational scale fork (0.6715 - 0.6750 - 0.6786) and Minuette (0.6786 - 0.6820 - 0.6855).

If the support level of 0.6695 will make the actual development of the movement in the New Zealand dollar in the channel 1/2 Median Line (0.6695 - 0.6675 - 0.6635) of the Minute operational scale fork relevant with the prospect of reaching and updating the local minimum of 0.6598.

The markup of the NZD/USD movement options from September 15, 2020 is shown on the animated chart.

Exchange Rates 14.09.2020 analysis

____________________

The review is compiled without taking into account the news background, the opening of trading sessions of the main financial centers and it is not a guide to action (placing "sell" or "buy" orders).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Ratu Taslim,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.