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11.11.201901:17 Forex Analysis & Reviews: Control zones NZDUSD 11/11/19

The downward movement of the pair is impulsive, as the pair has gone beyond the average weekly movement. This indicates a high likelihood of continued fall and an update of the monthly low. Sales will be profitable after the pair returns to the broken middle course zone. The lower boundary of this zone is at the level of 0.6354.

Exchange Rates 11.11.2019 analysis

Work in the downward direction will be a priority at the beginning of the new week. The first goal of the fall will be WCZ 1/2 0.6271-0.6265.

A strong increase in demand is required to break the downward momentum, which will lead to the closure of trading on Monday to be above Friday's Asian session. This will indicate the emergence of a major player interested in the appreciation of the New Zealand dollar.

Exchange Rates 11.11.2019 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.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Samanta Kruder,
Analytical expert of InstaSpot
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