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Midday update for the NZDUSD 03-08-2022
The NZDUSD pair attempted to breach 0.6257 but it finds difficulty to hold above it, to continue with our neutrality until the price confirms its situation according to the mentioned level followed by detecting its next destination clearly, noting that the details of the expected targets after the breach are explained our morning report.
The expected trading range for today is between 0.6180 support and 0.6310 resistance
The expected trend for today: Neutral
Midday update for the AUDUSD 03-08-2022
The AUDUSD pair shows more bullish bias to move away from 0.6910 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, which depends on the price stability above the mentioned level, reminding you that our waited targets begin at 0.6980 and extend to 0.7050.
MoreMidday update for Brent oil 03-08-2022
Brent oil price shows additional negative trades to approach the key support 102.25, waiting to break this level to confirm rallying towards our next negative target that reaches 99.25, to keep the bearish trend scenario valid and active conditioned by the price stability below 105.75.
MoreMidday update for Crude oil 03-08-2022
Crude oil price resumes its negative trades to press on the breached resistance of the bearish channel and attempts to break this support formed at 92.45, reinforcing the expectations of continuing the bearish trend for the rest of the day, which its next main target located at 89.60, noting that the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 94.50 and the most important below 95.50.
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