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Midday update for NZD USD 06/03/2013
The pair is heading to the downside in attempt to retest the minor channel’s resistance that was previously breached, which meets EMA50, to add more support for this level.
In general, the bullish trend expectations remain valid and active for today, pointing that breaking below 0.8280 will turn the intraday track to the downside again.
Expected trading range for today is between: 0.8250 support and 0.8450 resistance.
Expected trend for today: Bullish
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Midday update for AUD USD 06/03/2013
The pair moves near the breached falling wedge’s resistance by today’s opening, where this decline is considered as a natural retest process, and we are waiting for an upside rebound supported by Stochastic current positivity.
MoreMidday update for Crude Oil 06/03/2013
Crude oil trades with bearish bias heading towards retesting the previously breached falling wedge’s resistance, where the price is affected by Stochastic negativity, while we remain in preferring the bullish trend for today, which remains valid if the price remained above 90.20- 90.00
MoreMidday update for Silver 06/03/2013
Silver price moves in sideways range since morning and fluctuates around 28.70, to make us keep our waited bearish trend scenario for today which remains valid conditioned by the stability below 29.20 and the most important below 29.70.
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