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Commodity currencies AUD / USD & USD / CAD & NZD / USD in h4 timeframe. Comprehensive analysis of APLs & ZUP from May 04, 2021


Operational scale Minute (h4) Are raw materials producers still toiling in uncertainty? Review of options for the development of the movement of AUD / USD & USD / CAD & NZD / USD – h4 from May 04, 2021. Previous review of AUD / USD & USD / CAD & NZD / USD – H4 from 19:08 2021-04-26 UTC + 3 ____________________ Australian Dollar vs US Dollar The development of the movement of the Australian dollar – AUD / USD – h4 – from May 04, 2021, will continue in the 1/2 Median Line channel (0.7690 – 0.7744 – 0.7796) of the Minute operating scale pitchfork, taking into account the development and direction of the breakdown of channel 1 / 2 Median Line (0.7718 – 0.7728 – 0.7738) Minuette operational scale pitchfork. In case of a breakdown of the upper border of the 1/2 Median Line Minuette channel – the resistance level of 0.7738 – followed by a breakdown of the 1/2 Median Line Minute (0.7744) – the movement of the Australian dollar will be directed to the boundaries of the equilibrium zone (0.7796 – 0.7819 – 0.7840) of the pitchfork of the Minuette operational scale. Breakdown of the lower border of the 1/2 Median Line channel of the Minuette operational scale pitchfork – support level 0.7718 – a variant of continuing the development of the downward movement of AUD / USD towards the targets; – SSL initial line (0.7997) of the pitchfork of the operational scale. Minute – local minimum; – the lower border of the channel 1/2 Median Line Minute (0.7670); – control line LTL Minuette (0.7670); with the prospect of reaching the warning line LWL38.2 Minute (0.7580). ____________________ US Dollar vs Canadian Dollar The movement of the Canadian dollar – USD / CAD – h4 – from May 04, 2021, will continue inside the equilibrium zone (1.2205 – 1.2277 – 1.2345) of the Minute operational scale, taking into account the working out of the boundaries of the 1/2 Median Line channel (1.2305 – 1.2330 – 1.2360) Minuette operational scale pitchfork. The downward movement of the Canadian dollar may continue in case of a breakdown of the support level 1.2305 at the lower border of the 1/2 Median Line channel of the pitchfork of the Minuette operating scale and will be directed to the support levels: – 1.2277 – Median Line Minute; – 1.2260 – SSL Minuette initial line; – 1.2205 – the lower limit of the ISL61.8 pitchfork of the Minute operational scale; with the possibility of reaching the reaction line RL161.8 Minute (1.2205) and the final FSL Minute line (1.1985). If there is a breakdown of the upper border of the 1/2 Median Line Minuette – resistance level 1.2360 – then the upward movement of USD / CAD may continue to the boundaries of the equilibrium zone (1.2405 – 1.2445 – 1.1490) of the Minuette operating scale pitchfork. ____________________ New Zealand Dollar vs US Dollar New Zealand dollar NZD / USD – h4 from May 04, 2021 will continue to develop its movement within the 1/2 Median Line channel (0.7080 – 0.7120 – 0.7160) of the Minute operating scale pitchfork. In case of breakdown of the upper boundary of the 1/2 Median Line of the Minute Pitchfork – the resistance level of 0.7160 – the upward movement of the New Zealand dollar may be directed to the equilibrium zone (0.7175 – 0.7195 – 0.7215) of the Minuette Pitchfork with the prospect of reaching the initial SSL Minute line (0.7246) and the boundaries of the 1/2 Median Line Minuette (0.7260 – 0.7272 – 0.7288). Breakdown of the lower border of the 1/2 Median Line Minute channel – support level 0.7080 – a variant of the continued downward movement of NZD / USD to the upper border of ISL38.2 (0.7035) of the equilibrium zone of the pitchfork of the Minute operating scale with the possibility of reaching the Median Line Minute (0.6960). ____________________ 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). More analytics on the InstaForex website. ZUP and Andrews’ Pitchfork (terms, concepts, parameters). Materials for studying the Analysis of ZUP & APL`s. – Source: InstaForex

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