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Midday update for the AUDUSD 12-05-2021
The AUDUSD pair faces negative pressure to attack 0.7810 level and moves below it to head towards potential test to the most important support at 0.7765 before attempting to return to rise again.
Stochastic shows positive signals that we expect to assist to push the price to recover and rise again, to keep our main bullish trend expectations conditioned by the price stability above 0.7765, reminding you that the next target is located at 0.7900.
The expected trading range for today is between 0.7770 support and 0.7900 resistance
The expected trend for today: Bullish
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Midday update for Brent oil 12-05-2021
Brent oil price tested 69.00 barrier and finds solid resistance there, and as long as the price is above 67.75, our bullish overview will remain valid for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to head towards 71.35 that represents our next main target.
MoreMidday update for Crude oil 12-05-2021
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