Comprehensive analysis of movement options for commodity currencies AUD/USD, USD/CAD, and NZD/USD (H4) on June 30, 2020

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Minute operational scale (H4)

What did the commodity currency instruments AUD/USD, USD/CAD, and NZD/USD prepare for us in early July (H4) – development options for the movement on June 30, 2020.

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Australian dollar vs US dollar

From June 30, 2020, the development of the movement of the Australian dollar AUD/USD will be determined by the development and direction of the breakdown of the range:

  • resistance level of 0.6940 – UTL control line for the Minuette operational scale forks;
  • support level of 0.6850 – initial line of SSL for the Minuette operational scale forks.

At a joint breakdown:

  • control line UTL Minuette – resistance level of 0.6940;
  • initial SSL line (0.6955) for the Minute operational scale fork;

And the subsequent update of the local maximum of 0.6976, the upward movement of the Australian dollar can be continued to the maximum of 0.7064, with the update of which it will be possible to reach the warning line UWL38.2 (0.7330) in the Minute operational scale.

In the case of breakdown of the initial line SSL of the Minuette operational scale forks – the support level of 0.6850 and the level of 0.6835, the movement of the AUD/USD will continue to the channel 1/2 Median Line Minuette (0.6835 – 0.6810 – 0.6775), and when breaking the lower border (0.6775) of this channel, the downward movement of the tool can be continued to the zone equilibrium (0.6665 – 0.6610 – 0.6545) of the Minuette operational scale forks.

The AUD/USD movement options from June 30, 2020 are shown on the animated chart.

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US dollar vs Canadian dollar

Range development and breakdown direction:

  • resistance level of 1.3670 – the upper bound ISL61.8 equilibrium zone of the Minute operational scale fork;
  • support level of 1.3635 – upper border of the channel 1/2 Median Line of the Minuette operational scale fork.
  • and it will determine how the development of the Canadian dollar USD/CAD movement will proceed from June 30, 2020.

If the support level of 1.3635 breaks down, the movement of the Canadian dollar will continue within the boundaries of the 1/2 Median Line channel (1.3635 – 1.3610 – 1.3585) and equilibrium zones (1.3600 – 1.3570 – 1.3540) of the Minuette operational scale fork with the prospect of achieving the goals:

  • lower bound of ISL38.2 (1.3500) equilibrium zone of the Minute operational scale fork;
  • local minimum 1.3485;
  • ultimate Shiff Line Minute (1.3485);
  • ultimate line FSL Minuette (1.3430).

Breakdown of the upper border of ISL61.8 of the balance zone of the Minute operational scale forks – resistance level 1.3670 – option to resume the development of the upward movement of USD/CAD to the goals:

  • initial SSL line (1.3700) of the Minuette operational scale fork;
  • control line UTL Minuette (1.3720);
  • with the prospect of reaching the final line of FSL (1.3925) of the Minuette operational scale fork.

Options for USD/CAD movement from June 30, 2020 are shown on the animated chart.

analytics5efa0ffe1bd93.jpg

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New Zealand dollar vs US dollar

The further development of the movement of the New Zealand dollar NZD/USD from June 30, 2020 will depend on the development and direction of the breakdown of the range:

  • resistance level of 0.6435 – control line LTL of the Minuette operational scale fork;
  • support level of 0.6400 – upper bound of ISL38.2 balance zone of the Minute operational scale fork.

In the breakdown of the resistance level of 0.6435 on the line of control LTL of the Minuette operational scale fork movement of the New Zealand dollar will be directed to the starting line SSL Minuette (0.6465) and the channel borders 1/2 Median Line (0.6510 – 0.6565 – 0.6615) trading recommendations with a view to achieving the price of the initial line SSL Minute (0.6635) and lower bounds ISL38.2 (0.6650) equilibrium zone of the Minuette operational scale fork.

In the event of a breakout of ISL38.2 Minute – the support level of 0.6400 – the movement of NZD/USD will develop in the equilibrium zone (0.6400 – 0.6335 – 0.6265) of the Minute operational scale fork.

The markup of the options for the NZD/USD movement from June 30, 2020 is shown on the animated.

analytics5efa1018d7e2f.jpg

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

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