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NZD USD finds solid support 20/05/2013

Economies.com
2013-05-20 05:46AM UTC

The pair found strong support at 0.8060, which forces it to provide some bullish bias heading to retest the previously broken 0.8160 level

 

Note that breaking below 0.8060 represents the key of the bearish trend continuation towards 0.7920, while breaching above 0.8160 – 0.8210 will turn the intraday track towards the upside, and the price might head to visit mainly 0.8360.

 

Expected trading range for today is between: 0.7980 support and 0.8210 resistance.

 

Expected trend for today: Bearish

 

AUD USD awaits more targets 20/05/2013

Economies.com
2013-05-20 05:46AM UTC

The pair keeps its bearish bias heading towards the next main waited target at 0.9575, and Stochastic current positivity that causes a temporary stop for the downside track.

 

In general, the bearish trend will remain valid on the short term basis supported by the EMA50, unless achieving a clear breach and a daily close above 0.9930

 

Expected trading range for today is between: 0.9580 support and 0.9860 resistance.

 

Expected trend for today: Bearish

 

Crude Oil remains stuck 20/05/2013

Economies.com
2013-05-20 05:46AM UTC

Crude oil price move remains limited between the sideways range lines that was mentioned in our last reports, between 96.90 resistance and 92.55 support, which makes us continue in preferring more sideways trading on the intraday basis, pointing that breaching above the mentioned resistance level will provide positive motive that supports the continuation of the trading inside the main bullish channel and followed by targeting levels that begin at 100.00, while breaking below the support will turn the short term track towards the downside.

 

Stochastic provides positive signals that support the chances of achieving positive bias for today.

 

Expected trading range for today is between: 93.65 support and 98.00 resistance.

 

Expected trend for today: Sideways

 

 

Silver touches the psychological barrier 20/05/2013

Economies.com
2013-05-20 05:46AM UTC

Silver price begun today and this week trading with sharp decline that allows it to approach from the psychological barrier 20.00, and bounces to achieve some bullish bias by the effect of the bearish channel’s support that appears in the image, besides Stochastic positivity.

 

Now, we need to stay aside temporarily, and the main reason is that the price reached the retest level of the previously breached main resistance which turned into support at 19.85- appears in the dashed red line-, thus the steadiness of this level might be a signal for the bullish trend return again, while confirming breaking it with a daily close below this level will open the way towards more downside track on the short term and medium term basis.

 

Expected trading range for today is between: 19.85 support and 22.00 resistance.

 

Expected trend for today: Neutral