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Midday update for the AUDUSD 11-05-2021
The AUDUSD pair resumes its positive trading after approaching 0.7810 level this morning, getting clear positive signals through stochastic, waiting for more rise in the upcoming sessions, as our first target is located at 0.7900, while holding above 0.7810 represents key condition to achieve it.
The expected trading range for today is between 0.7790 support and 0.7900 resistance
The expected trend for today: Bullish
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Midday update for Brent oil 11-05-2021
Brent oil price fluctuates at the bullish channel’s support line that appears on the chart, while stochastic gains the positive momentum gradually, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which its next target located at 71.35, while achieving it requires holding above 67.55.
MoreMidday update for Crude oil 11-05-2021
Crude oil price returns to test 64.35 level and still above it until now, and the EMA50 continues to support the price from below, to keep our bullish overview that depends on the price stability above the mentioned support and above 63.35, reminding you that our next main target reaches 67.95.
MoreMidday update for Silver 11-05-2021
Silver price shows calm positive trades that hint heading to resume the bullish trend, to keep the positive scenario active for the rest of the day, motivated by the positive overlapping signal provided by stochastic, waiting to visit 28.25 followed by 29.00 levels as next main stations, reminding you that it is important to hold above 26.60 to continue the expected rise.
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