Midday update for the NZDUSD 01-04-2020
The NZDUSD pair could not manage to consolidate above 0.5958, to face negative pressure and head to return to the main bearish track, on its way to test 0.5842 level initially.
Therefore, the bearish bias will be expected in the upcoming sessions unless the price managed to breach 0.5958 level and hold above it again, noting that breaking 0.5842 will push the price to 0.5700 as a next negative target.
The expected trading range for today is between 0.5850 support and 0.6000
The expected trend for today: Bearish
Midday update for the AUDUSD 01-04-2020
The AUDUSD pair attacks 0.6097 level to move below it now, which urges caution from the upcoming trading, as confirming breaking this level will stop the recently suggested positive scenario and put the price under negative pressure that its targets begin by testing 0.5958 level, while the price needs to step above 0.6097 to reactivate the bullish trend scenario that its first target located at 0.6236.
The expected trading range for today is between 0.6000 support and 0.6200
The expected trend for today: Bullish
Midday update for Brent oil 01-04-2020
Brent oil price resumes its negative trades clearly to reach the thresholds of our waited target at 24.60, and we suggest the continuation of the bearish trend domination in the upcoming sessions to head towards 22.40 as an extended target.
Therefore, the bearish trend will remain valid and active on the intraday and short term basis unless the price rallied to breach 27.60 level and hold above it.
The expected trading range for today is between 24.00 support and 26.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 01-04-2020
Crude oil price continues to fluctuate at 20.00 barrier without managing to confirm settling below it, and the price still below the resistance line that appears on the chart, while the EMA50 continues to press negatively on the price.
Therefore, our bearish overview will remain valid for today, which depends on the price stability below 20.85 and 21.85 levels, reminding you that our next target is located at 19.00.
The expected trading range for today is between 19.00 support and 21.50 resistance.
The expected trend for today: Bearish