Comprehensive analysis of movement options for AUD/USD, USD/CAD, and NZD/USD (H1) on June 9, 2020

Minuette operational scale (H1)

Current options for the development of the movement of “commodity” currencies AUD/USD, USD/CAD, and NZD/USD on June 9, 2020.

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Australian dollar vs US dollar

The development of the movement of the Australian dollar (AUD/USD) from June 9, 2020 will be determined by the development and direction of the breakdown of the boundaries of the equilibrium zone (0.6980-0.7015-0.7045) of the Micro operational scale – see the details on the animated chart.

In case of breakdown of the lower boundary of the ISL61.8 equilibrium zone of the Micro operational scale forks – support level 0.6980 – the downward movement of the Australian dollar can continue to the equilibrium zone (0.6940-0.6900-0.6855) of the Minuette operational scale forks, as well as the final Shiff Line (0.6800) and SSL start line (0.6715) of the Minuette operational scale forks.

If the resistance level of 0.7045 breaks at the upper border of ISL38 2 of the balance zone of the Micro operational scale forks, the upward movement of AUD/USD will be directed towards the goals:

  • FSL end line (0.7090) of the Minuette operational scale forks;
  • ultimate Shiff Line Micro (0.7120);
  • initial line SSL Micro (0.7145);
  • channel 1/2 Median Line Micro (0.7175-0.7195-0.7215).

From June 9, 2020, we look at the layout of the AUD/USD movement options 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 June 9, 2020 will depend on the direction of the breakdown of the range:

  • resistance level of 1.3425 at the lower border of ISL61.8 balance zone of the Minuette operational scale forks;
  • support level of 1.3384 at the upper border of the 1/2 medium line channel of the Micro operational scale fork.

A breakdown of the resistance level of 1.3425 will determine the development of the movement of the Canadian dollar within the boundaries of the equilibrium zones of the operational scales forks – Minuette (1.3425-1.3455-1.3485) and Micro (1.3485-1.3520-1.3550) with the prospect of reaching the initial SSL line Minuette (1.3590) and the warning line UWL38.2 Minuette (1.3645).

If the support level of 1.3384 will make the actual continuation of the development of the movement of USD/CAD in the channel 1/2 Median Line (1.3384-1.3350-1.3320) of the Micro operational scale fork with the possibility of achieving the price end line FSL Minuette (1.3300) and warning line LWL32.8 (1.3240) and the control line LTL Micro (1.3220).

From June 9, 2020, we look at the layout of USD/CAD movement options on the animated chart.

Exchange Rates 08.06.2020 analysis

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New Zealand dollar vs US dollar

The development of the movement of the New Zealand dollar (NZD/USD) from June 9, 2020 will be determined by the development and direction of the breakdown of the range:

resistance level of 0.6535 on the final Shiff Line Micro;

support level of 0.6505 on the final FSL line of the Minuette operational scale fork.

If the support level 0.6505 at the end of the line FSL Minuette operational scale fork will make possible the achievement of the New Zealand dollar of the channel borders 1/2 Median Line (0.6485-0.6465-0.6445) of the Micro operational scale fork with the prospect of achieving the ultimate line FSL Micro (0.6380) and the upper boundary of the ISL61.8 (0.6360) zone equilibrium of the Minuette operational scale fork.

At the breakdown of the final Shiff Line Micro – resistance level 0.6535 – the development of the movement of NZD/USD may continue to the goals:

  • initial line SSL Micro (0.6555)
  • channel 1/2 Median Line Micro (0.6590-0.6605-0.6620)
  • UTL Micro control line (0.6675)

From June 9, 2020, we look at the markup of the NZD/USD movement on the animated chart.

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Exchange Rates 08.06.2020 analysis

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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).

Source: Comprehensive analysis of movement options for AUD/USD, USD/CAD, and NZD/USD (H1) on June 9, 2020

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