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Bitcoin price (BTCUSD) forecast update - 06-11-2024
Bitcoin price (BTCUSD) rebounds downwards clearly after reaching 75400.00$ barrier, to achieve some bearish correction that targets 72126.30$ as a next correctional station, noting that holding above this level will lead the price to resume the main bullish track that its next target reaches 76000.00$.
On the other hand, we should note that breaking 72126.30$ will stop the bullish trend and force the price to achieve more bearish correction that targets 71115.00$ followed by 70100.00$ levels as next negative stations.
The expected trading range for today is between 71500.00$ support and 76000.00$ resistance.
Trend forecast: Bullish
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The NZDUSD price forecast update 06-11-2024
The NZDUSD price declined strongly to succeed achieving our waited target at 0.5915$, trading positively affected by the RSI positivity, waiting to resume the bearish bias to break the mentioned level and head towards 0.5850$ as a next negative station.
MoreThe AUDUSD price forecast update 06-11-2024
The AUDUSD price touched the first negative target at 0.6536$ and attempted to break it, showing some bullish bias now affected by this level strength, waiting to break it to confirm extending the bearish wave towards 0.6450$.
MoreBrent oil price forecast update 06-11-2024
Brent oil price broke 75.36$ level strongly to reach 73.90$ level direct, noticing that the price consolidated above this level to start new recovery attempts, to suggest the bullish bias in the upcoming sessions unless breaking the last level and holding below it, supported by stochastic reach to the oversold areas, noting that the waited targets begin at 75.36$ and extend to 76.84$ after breaching the previous level.
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