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Midday update for the NZDUSD 04-04-2023
The NZDUSD pair fluctuates around 0.6290 level since morning, keeping its stability above it, to keep the bullish trend scenario valid and active for today, affected by the previously completed ascending triangle’s pattern, waiting to visit 0.6385 followed by 0.6440 levels as next main targets, reminding you that breaking 0.6290 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 0.6240 support and 0.6370 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 04-04-2023
The AUDUSD pair faces solid resistance at 0.6780 level, to show some bearish bias now, affected by stochastic negativity, waiting to get positive momentum that assists to push the price to breach the mentioned level and confirm opening the way to head towards 0.6920 as a next target.
Thus, we will keep our bullish overview for today conditioned by the price stability above 0.6735, as breaking it will press on the price to test 0.6665 areas before any new attempt to rise.
The expected trading range for today is between 0.6720 support and 0.6850 resistance
The expected trend for today: Bullish
Midday update for Brent oil 04-04-2023
Brent oil price fluctuates within sideways track since morning, settling around 85.50 level, thus, no change to the bullish trend scenario that depends on the price stability above 84.75, supported by the EMA50, reminding you that our waited targets begin at 86.85 and extend to 89.00 after surpassing the previous level.
The expected trading range for today is between 84.00 support and 87.30 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 04-04-2023
Crude oil price attempts to breach 80.84 level now, to support the continuation of the expected bullish trend for today, which targets 83.25 areas as a next main station.
The bullish channel organizes the suggested bullish wave, which gets positive support by the EMA50, taking into consideration that failing to build support base above 80.84 will stop the positive scenario and press on the price to turn to decline, to head towards visiting 78.25 level mainly.
The expected trading range for today is between 79.40 support and 82.60 resistance.
The expected trend for today: Bullish