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Midday update for AUDUSD 02-08-2016
The AUDUSD pair shows positive trading now after the attempt to break the minor bullish channel’s support this morning, to approach now from 0.7595 level, reminding you that breaching this level required for opening the way towards our next main target at 0.7750.
Therefore, the bullish bias will remain preferred conditioned by holding above 0.7448 level, supported by the EMA50.
Expected trading range for today is between 0.7448 support and 0.7650
Expected trend for today: Bullish
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Midday update for Brent Oil 02-08-2016
Brent oil price provides some positive attempts now approaching from retesting the critical resistance at 43.00, which represents the first condition for the continuation of the expected bearish trend for today besides the next resistance at 43.75, where the price affected by stochastic current positivity.
MoreMidday update for Crude Oil 02-08-2016
Crude oil price trading settles near 40.00 ad shows slight bullish bias that affected by stochastic positivity, while the EMA50 continues to push negatively on the intraday and short term trading.
MoreMidday update for Silver 02-08-2016
Silver price shows positive attempts now supported by the positive overlapping signal that comes from stochastic, reinforcing the bullish trend expectations for today, waiting for testing 21.12 level initially, where breaching it represents the extension key for silver gains to reach 22.00.
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