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AUD USD settled above the support 05/03/2013
The pair kept the stability above the main support that appears in the image, and approaches from the falling wedge’s resistance at 1.0270, and breaching above this resistance will provide a positive motive that pushes the price to turn its intraday track to the upside.
Stochastic provides positive signals that encourages us to prefer the bullish trend for today, which remains valid unless 1.0150 was broken and held below it.
Expected trading range for today is between: 1.0150 support and 1.0355 resistance.
Expected trend for today: Bullish
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Crude Oil attempts to break 05/03/2013
Crude oil made an attempt to break the psychological barrier 90.00 and 61.8% Fibonacci at 90.20 but it return to close yesterday’s trading above them, which keeps the price inside the falling wedge that appears in the image, and that makes us continue in preferring the intraday bullish trend which is initially targeting testing 91.75
MoreSilver around the same levels 05/03/2013
The tight range remains dominating silver’s trading, while Stochastic provides a positive overlapping signal that might push the price to retest 29.20
MoreGold continues to fluctuate 05/03/2013
Gold price continued its sideways trading and moves near the minor bullish channel’s support that appears in the image, this channel might be a reason for the positive trading on the intraday basis.
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