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Minute operational scale (H4)
End of July - What's next? Review of options for the development of the movement of AUD/USD & USD/CAD & NZD/USD (H4) on July 28, 2020.
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Australian dollar vs US dollar
The development of the movement of the Australian dollar AUD/USD from July 28, 2020 will continue to be determined by the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (0.7140 - 0.7120 - 0.7100) of the Minuette operational scale fork - look for details on the animated chart.
In case of breaking the lower border of the channel 1/2 Median Line Minuette - support level of 0.7100, the movement of AUD/USD may continue to equilibrium zone (0.7075 - 0.7040 - 0.7000) of the Minuette operational scale fork, with the prospect of achieving the ultimate line FSL Minuette (0.6885).
The breakdown of the resistance level 0.7010 at the upper border of the 1/2 Median Line Minuette channel will make it relevant to continue the development of the upward movement of the Australian dollar towards the targets:
The AUD/USD movement options from July 28, 2020 are shown on the animated chart.
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US dollar vs Canadian dollar
Further development of the movement of the Canadian dollar USD/CAD from July 28, 2020 will occur depending on the development and direction of the breakdown of the range:
In case of a breakdown of the resistance level at 1.3400, the USD/CAD movement will continue in the 1/2 Median Line Minuette channel (1.3400 - 1.3420 - 1.3440) with the prospect of reaching the UTL control line (1.3450) of the Minute operational scale fork and the equilibrium zone (1.3470 - 1.3505 - 1.3545) of the Minuette operational scale fork.
If the support level of 1.3350 breaks on the initial line of the SSL of the Minuette operational scale fork, it will be possible to continue the development of the downward movement of the Canadian dollar towards the goals:
Options for USD/CAD movement from July 28, 2020 are shown on the animated chart.
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New Zealand dollar vs US dollar
Further development of the movement of the New Zealand dollar NZD/USD from July 28, 2020 will also occur depending on the development and direction of the range :
A breakdown of the support level of 0.6665 will determine the development of the movement of the New Zealand dollar within the boundaries of the channel 1/2 Median Line Minuette (0.6665 - 0.6650 - 0.6635) with the prospect of reaching the equilibrium zone (0.6615 - 0.6590 - 0.6565) of the Minuette operational scale fork.
When the initial line of the SSL of the Minuette operational scale fork is broken - resistance level of 0.6687 - the upward movement of NZD/USD can be continued to the goals:
The markup of the NZD/USD movement options from July 28, 2020 is shown on the animated chart.
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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 it is not a guide to action (placing "sell" or "buy" orders).
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