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Midday update for NZDUSD 29-12-2017

Economies.com
2017-12-29 11:36AM UTC

The NZDUSD pair trades with clear positivity since morning to move away from 0.7077 level, which supports the continuation of our positive overview efficiently for the rest of the day, as our next target is located at 0.7170, reminding you that breaking 0.7077 might force the price to visit 0.6964 areas before detecting the next destination clearly.

 

Expected trading range for today is between 0.7020 support and 0.7200

 

Expected trend for today: Bullish

Midday update for AUDUSD 29-12-2017

Economies.com
2017-12-29 11:36AM UTC

The AUDUSD pair begins to test 0.7820 level in attempt to breach it, reminding you that breaching this level will extend the pair's gains to reach 0.7937 as a next station.

 

In general, we will continue to suggest the bullish trend for today conditioned by holding above 0.7727, noting that the bullish channel supports the chances of continuing the rise for the rest of the day.

 

Expected trading range for today is between 0.7730 support and 0.7880

 

Expected trend for today: Bullish

Midday update for Brent oil 29-12-2017

Economies.com
2017-12-29 11:35AM UTC

Brent oil price shows sideways trades since morning to settle around 66.50, and as long as the price is above 65.80, our bullish overview will remain active on the intraday and short term basis, waiting to test 67.55 level as a first station, which breaching it represents the key to rally towards 70.00 on the near term basis.

 

The EMA50 keeps supporting the suggested bullish wave, while stochastic negativity might cause some temporary sideways fluctuation before continuing the expected rise.

 

Expected trading range for today is between 65.15 support and 68.50 resistance.

 

Expected trend for today: Bullish

Midday update for Crude oil 29-12-2017

Economies.com
2017-12-29 11:35AM UTC

Crude oil price settles above 60.00 barrier, and the price is affected by the completion of the bullish pennant pattern that appears on the chart, waiting for more rise that targets 62.30 areas mainly, supported by the EMA50 that keeps carrying the price from below.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless we witnessed clear break and hold below 59.00.

 

Expected trading range for today is between 59.00 support and 62.30 resistance.

 

Expected trend for today: Bullish