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USD CHF tests the resistance 07/05/2013
The pair provided positive trading yesterday to visit 0.9400 again, where it keeps the stability below it, which represents the most important intraday factor that keeps the bullish trend expectations valid.
Stochastic approaches from the overbought levels to support the negative overview which targets mainly 0.9200
Expected trading range for today is between: 0.9265 support and 0.9440 resistance.
Expected trend for today: Bearish
NZD USD gains some momentum 07/05/2013
The pair was forced to decline slightly yesterday in attempt to gather an intraday positive momentum, where Stochastic now is providing positive signals that encourage us to continue in preferring the bullish trend.
A clear breach and stability above 0.8580 is required to confirm more of the bullish trend, besides the stability above 0.8425.
Expected trading range for today is between: 0.8455 support and 0.8675 resistance.
Expected trend for today: Bullish
AUD USD breaks the support, again! 07/05/2013
The pair closed its trading yesterday below the main bullish channel’s support, to stop the main positive scenario, making us stay aside temporarily waiting for being certain from the next track, where we need to monitor the price behavior according to the critical levels between 1.0220 support and 1.0285 resistance.
Breaking below the mentioned support will lead initially to visit the sideways’ range support at 1.0145, while breaching above the resistance will turn the main bullish track again.
Expected trading range for today is between: 1.0100 support and 1.0400 resistance.
Expected trend for today: Neutral
Crude Oil retests 07/05/2013
Crude oil price approached from the retest level 94.65 as was suggested yesterday, keeping its stability above it, which makes us continue in preferring the bullish trend on the intraday and the short term basis, reminding you that breaching above 97.10 is important to confirm these expectations.
We need to take into consideration that breaking below 94.65 will push the price to visit the main bullish channel’s support around 91.90.
Expected trading range for today is between: 94.20 support and 98.00 resistance.
Expected trend for today: Bullish