Midday update for Ethereum 29-03-2018

Bitcoin price continues to decline to move near 7500.00 level now, supported by stochastic and the EMA50 negativity, keeping the bearish trend active for the rest of the day, reminding you that our next main target at 6039.30, while holding below 8280.00 represents the first condition for the continuation of the expected decline.

The NZDUSD pair settles at the critical support at 0.7185, waiting for breaking this level to confirm the extension of the bearish wave to 0.7107, where the EMA50 continues its negative pressure on the price, keeping the bearish trend scenario valid on the intraday and short term basis unless breaching 0.7281 level and holding above it.

The AUDUSD pair shows some bullish bias affected by stochastic positivity and the strength of 0.7650 level, noticing that the indicator losses its bullish momentum gradually, while the EMA50 keeps pushing negatively on the price.