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AUDUSD keeps its negative stability – Analysis - 07-03-2018
The AUDUSD pair provided clear positive trades yesterday to test the key resistance 0.7818, noticing that the price rebounds bearishly now after this level formed solid resistance against the price’s positive rally, which keeps the bearish trend scenario valid until now, supported by stochastic negativity, waiting to test 0.7743 level initially.
Breaking the targeted level will push the price towards 0.7650 as a next station, while breaching 0.7818 will stop the expected decline and lead the price to achieve positive targets that start at 0.7893 and extend to 0.7986.
Expected trading range for today is between 0.7700 support and 0.7860
Expected trend for today: Bearish
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Brent oil tests the support base – Analysis - 07-03-2018
Brent oil price fluctuates around 65.40 level and keeps its stability above it, as the EMA50 meets this level to add more strength to it, while stochastic gains the positive momentum clearly, which forms positive factor tha we are waiting to motivate the price to continue rising.
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