Midday update for the NZDUSD 05-07-2022
The NZDUSD pair traded with strong negativity to break 0.6210 level and confirm the continuation of the bearish trend, waiting for more decline to visit 0.6100 that represents our next main target, reminding you that the continuation of the bearish wave depends on the price stability below 0.6270.
The expected trading range for today is between 0.6100 support and 0.6200 resistance
The expected trend for today: Bearish
Midday update for the AUDUSD 05-07-2022
The AUDUSD pair declined sharply to break 0.6830 level and confirm the continuation of the bearish trend domination, and the way is open head towards our next negative target at 0.6755, reminding you that the continuation of the bearish wave depends on the price stability below 0.6895.
The expected trading range for today is between 0.6755 support and 0.6830 resistance
The expected trend for today: Bearish
Midday update for Brent oil 05-07-2022
Brent oil price shows clear negative trades to move below 112.00 barrier, which supports the continuation of the expected bearish trend for today, which targets 110.10 level as a next main station, reminding you that the continuation of the bearish wave depends on the price stability below 115.10.
The expected trading range for today is between 109.50 support and 115.10 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 05-07-2022
Crude oil price traded with clear negativity to move away from 109.15 level, which supports the continuation of the expected bearish trend on the intraday and short term basis, which get good support by stochastic, waiting to head towards 104.60 mainly, noting that breaching 109.15 followed by 110.10 levels will push the price to start new recovery attempts and additional gains on the intraday basis.
The expected trading range for today is between 105.00 support and 110.50 resistance.
The expected trend for today: Bearish