Closing last week's trading occurred outside of the average move and monthly control zone. This indicates an increase in the probability of an upward correctional movement. The first target of growth was the level of 0.6736. The second target is located at 0.6798. Selling from current levels is not profitable.
Work in the direction of strengthening the Australian dollar may become the main, until there is a return to at least the first goal.
An alternative option to pull down the pair should be considered no earlier than the test level of 0.6736. It is important to understand that the probability of returning to both goals is 90%. The false breakout and absorption patterns aiming towards growth should be considered as an opportunity to buy an instrument.
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.
The material has been provided by InstaForex Company - www.instaforex.com