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The AUDUSD attempts to recover – Analysis - 18-03-2021
The AUDUSD pair rallied upwards strongly yesterday to breach 0.7765 level and settles above it, which leads the price to achieve new intraday gains that reach 0.7875, noting that breaching this level will push the price back to the main bullish channel again and lead to achieve more positive targets.
Therefore, the bullish bias will be suggested for today unless breaking 0.7765 and holding below it again.
The expected trading range for today is between 0.7760 support and 0.7880 resistance
The expected trend for today: Bullish
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Brent oil price achieves the first target – Analysis - 18-03-2021
Brent oil price declined clearly yesterday to reach the first negative target at 66.85 and bounced bullishly to settle around 67.90, starting today with new decline to move away from the last level, which support the continuation of the correctional bearish scenario, noting that surpassing 66.85 will extend the bearish wave to reach 65.80 direct.
MoreCrude oil price under the negative pressure – Analysis - 18-03-2021
Crude oil price settles below 64.55, to keep the negative pressure valid for the upcoming period, waiting for new negative trades to break 63.55 level and open the way to visit our next target at 62.50.
MoreSilver price negotiates the resistance - Analysis - 18-03-2021
Silver price traded positively yesterday to test the key resistance 26.40, to hint heading to recover in the upcoming sessions, but it needs a daily close above the mentioned level to confirm the continuation of the rise and achieve more gains.
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