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Midday update for AUDUSD 22-01-2018
The AUDUSD pair resumes its positive trading to move above 0.8000 barrier again, reinforcing the expectations of continuing the bullish trend for the rest of the day, as our next target is located at 0.8125, while holding above 0.7936 represents key condition to achieve the waited targets.
Expected trading range for today is between 0.7930 support and 0.8100
Expected trend for today: Bullish
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Midday update for Brent oil 22-01-2018
Brent oil price begins to provide negative trades now that hint resuming the expected bearish trend for the upcoming sessions, waiting to break 68.50 level to motivate the price to head towards our next main correctional target at 66.90.
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Crude oil price shows some slight bearish bias after testing the correctional bearish channel’s resistance, accompanied by stochastic move near the overbought areas, reinforcing the expectations of continuing the correctional bearish trend that its targets begin by breaking 62.80 level to confirm opening the way to head towards 61.50, taking into considartion that breaching 63.80 will motivate the price to start recovery attempts and regain the main bullish trend again.
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