Comprehensive analysis of movement options for the commodity currencies AUD/USD & USD/CAD & NZD/USD (H4) on August

Minute operational scale (H4)

The second ten-day period of August – are we continuing to decline? Overview of options for the development of the movement of AUD/USD & USD/CAD & NZD/USD (H4) on August 11, 2020.

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Australian dollar vs US dollar

The development of the movement of the Australian dollar AUD/USD from August 11, 2020 will continue depending on the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (0.7190 – 0.7170 – 0.7155) of the Minuette operational scale forks – see the details on the animated chart.

In the case of a consecutive breakdown of the lower border of the channel 1/2 Median Line Minuette – the support level of 0.7155 and the Median line Minute (0.7145), the downward movement of the Australian dollar can be continued to the equilibrium zone (0.7110 – 0.7075 – 0.7045) of the Minuette operational scale forks.

A breakdown of the resistance level of 0.7190 at the upper border of the channel 1/2 Median Line Minuette will make it relevant to develop the upward movement of AUD/USD to the goals:

  • upper bound of ISL38.2 (0.7210) balance zone of the Minute operational scale forks;
  • local maximum 0.7244;
  • control line UTL Minuette (0.7255).

The AUD/USD movement options from August 11, 2020 are shown on the animated chart.

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US dollar vs Canadian dollar

The development of the movement of the Canadian dollar USD/CAD from August 11, 2020 will occur depending on the development and direction of the breakdown of the boundaries of the equilibrium zone (1.3335 – 1.3365 – 1.3390) of the Minuette operational scale forks – we look at the movement markings within this zone on the animated chart.

If the resistance level 1.3390 is broken at the upper border of ISL61.8 of the balance zone of the Minuette operational scale forks and the Median line Minute (1.3400), the upward movement of USD/CAD can be continued to the goals:

  • local maximum 1.3448;
  • upper bound of ISL61.8 (1.3480) equilibrium zone of the Minute operational scale forks;
  • local maximum 1.3288.

In the breakdown of the support level of 1.3335 on the lower border ISL38.2 zone equilibrium of the Minuette operational scale forks, the downward movement of the Canadian dollar may continue to the lower border ISL61.8 (1.3315) zone equilibrium of the Minute operational scale forks and channel borders 1/2 Median line Minuette (1.3285 – 1.3265 – 1.3245), with the prospect of updating the local minimum of 1.3233, and the line of control LTL Minuette (1.3175).

We look at the USD/CAD movement options from August 11, 2020 on the animated chart.

analytics5f316e3a30718.jpg

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New Zealand dollar vs US dollar

The movement of the New Zealand dollar NZD/USD from August 11, 2020 will develop depending on the development and direction of the range :

  • resistance level of 0.66595 – the lower border of the channel 1/2 Median Line of the Minute operational scale forks;
  • support level of 0.6565 – the upper border of the ISL38.2 channel of the balance zone of the Minuette operational scale forks.

The joint breakdown of ISL38.2 Minuette – support level of 0.6565 – and ISL38.2 Minute (1.6555) will confirm that further development of the NZD/USD movement will occur within the boundaries of the balance zones of the operational scales forks – Minuette (0.6565 – 0.6530 – 0.6500) and Minute (0.6555 – 0. 06510 – 0.6460).

The breakdown of the resistance level 0.6595 will return the development of the movement of the New Zealand dollar to the boundaries of the 1/2 Median Line channels of the operational scales – Minuette (0.6595 – 0.6610 – 0.6630) and Minute (0.6595 – 0.6620 – 0.6650) with the possibility of reaching the UTL Minuette (0.6675) control line and updating local maximum (0.6688).

The markup of the NZD/USD movement options from August 11, 2020 is shown on the animated chart.

analytics5f316e7545ced.jpg

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The review is prepared without considering the news background, the opening of the trading sessions of the major financial centers and it is not a guide to action (placing “sell” or “buy” orders).

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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