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Midday update for AUD USD 06/03/2013
The pair moves near the breached falling wedge’s resistance by today’s opening, where this decline is considered as a natural retest process, and we are waiting for an upside rebound supported by Stochastic current positivity.
In general, the bullish trend will remain preferred for today unless 1.0250 was broken.
Expected trading range for today is between: 1.0200 support and 1.0450 resistance.
Expected trend for today: Bullish
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Midday update for Crude Oil 06/03/2013
Crude oil trades with bearish bias heading towards retesting the previously breached falling wedge’s resistance, where the price is affected by Stochastic negativity, while we remain in preferring the bullish trend for today, which remains valid if the price remained above 90.20- 90.00
MoreMidday update for Silver 06/03/2013
Silver price moves in sideways range since morning and fluctuates around 28.70, to make us keep our waited bearish trend scenario for today which remains valid conditioned by the stability below 29.20 and the most important below 29.70.
MoreMidday update for Gold 06/03/2013
Gold price shows some slight bearish bias since morning, where EMA50 is pressing negatively on the intraday trading, to continue in preferring the main bearish trend which requires a clear break for 1567.00 to confirm it.
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