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Midday update for NZDUSD 19-10-2017
The NZDUSD pair fell under strong negative pressure to break 0.7100 level and settles below it, which opens the way to achieve more decline in the upcoming sessions, and the expected target is represented by testing 0.6992 level.
Therefore, we believe that the bearish bias will dominate trading for the rest of the day unless the price managed to breach 0.7187 level and hold above it again.
Expected trading range for today is between 0.7080 support and 0.7250
Expected trend for today: Bearish for the rest of the day
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Midday update for AUDUSD 19-10-2017
The AUDUSD pair settles above the EMA50, and as long as the price is above 0.7820, the bullish trend scenario will remain active for today, waiting to target 0.7937 level, reminding you that breaching this level will push the price towards 0.8125 as a next main target.
MoreMidday update for Brent oil 19-10-2017
Brent oil price provided negative trading but it finds good support formed by the EMA50 near the main bullish channel's support that appears on chart, noticing that stochastic gets rid of its negativity clearly to reach the oversold areas.
MoreMidday update for Crude oil 19-10-2017
Crude oil price traded with clear negativity to test the key support 51.12 and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas' thresholds, while the EMA50 keeps supporting the price from below.
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