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The AUDUSD consolidates below the resistance – Analysis - 03-05-2023
The AUDUSD pair tested the correctional bearish channel’s resistance line and bounced bearishly from there, to keep the bearish trend scenario active for the upcoming period, which targets 0.6550 areas as a next main station.
The price needs to break 0.6665 to ease the mission of heading towards the waited targets, noting that breaching 0.6705 will stop the expected decline and lead the price to achieve additional gains that reach 0.6780.
The expected trading range for today is between 0.6600 support and 0.6705 resistance
The expected trend for today: Bearish
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Brent oil prices surpasses the extended target – Analysis - 03-05-2023
Brent oil prices declined sharply yesterday after breaking 78.90 level, to achieve our waited negative target at 76.85 and break it to close the daily candlestick below it, opening the way to continue the decline and achieve additional negative targets that reach 74.30.
MoreCrude oil prices suffer more losses – Analysis - 03-05-2023
Crude oil prices continued the strong decline to touch 71.55 and settles there, as it returned to the correctional bearish channel again, to fall under more expected negative pressure in the upcoming sessions, waiting to break this level to open the way to head towards 68.75 as a next negative station.
MoreSilver prices rises again - Analysis - 03-05-2023
Silver price couldn’t break 24.60 level after many attempts to press on this level, to rebound upwards strongly again and settle above 25.00 barrier, which makes us suggest turning to rise and head to resume the main bullish trend, on its way to test 26.07 as a first main station, breaching it represents the key to rally towards 26.90 areas.
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