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Midday update for the NZDUSD 02-08-2022
The NZDUSD pair traded with strong negativity to break 0.6320 level and heads to decline in the upcoming sessions, targeting 0.6257 level mainly, noting that breaking this level will extend the bearish wave to reach 0.6180 as a next negative target.
Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 0.6320 and holding above it.
The expected trading range for today is between 0.6230 support and 0.6330 resistance
The expected trend for today: Bearish for the rest of the day
Midday update for the AUDUSD 02-08-2022
The AUDUSD pair faced strong negative pressure to break 0.6980 level to approach 0.6910 level, to hint heading to turn to decline, noting that breaking the last level will push the price to achieve more decline and stop the recent bullish correction, while breaching 0.6980 represents the key to resume the bullish wave again.
MoreMidday update for Brent oil 02-08-2022
Brent oil price resumes its negative trades to press on 102.25 level, waiting to break this level to confirm rallying towards our next negative target at 99.25, supported by the negative pressure formed by the EMA50, to keep our bearish overview unless breaching 104.30 and holding above it.
MoreMidday update for Crude oil 02-08-2022
Crude oil price tests the bearish channel’s resistance and keeps its stability below it, to start declining now and attempts to move away from this resistance, to keep the bearish trend scenario active for today, which its next target located at 89.60, while holding below 93.50 represents key condition to achieve it.
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