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Midday update for the NZDUSD 05-10-2021
The NZDUSD pair trades positively now after leaning on 0.6945 level, waiting for bearish rebound to resume the correctional bearish trend, which targets 0.6890 initially, noting that breaching 0.6990 will stop the negative scenario and lead the price to turn to rise.
The expected trading range for today is between 0.6880 support and 0.6990 resistance
The expected trend for today: Overall bearish
Midday update for the AUDUSD 05-10-2021
The AUDUSD pair found good support at 0.7245 to rebound bullishly and approach the key resistance 0.7290, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active, noting that breaking 0.7245 is required to head towards 0.7170 direct.
MoreMidday update for Brent oil 05-10-2021
Brent oil price shows slight bullish bias to move around 81.50 level, waiting for more rise to achieve our positive targets at 82.00 and 82.70, noting that the EMA50 keeps supporting the expected bullish wave, which will remain valid conditioned by the price stability above 79.90.
MoreMidday update for Crude oil 05-10-2021
Crude oil price hovers around the bullish flag’s resistance, waiting to get positive momentum that assist to push the price to continue the bullish trend, and we believe that the way is open to achieve our positive targets that start at 79.00 followed by 80.00, while holding above 76.64 is important to continue the expected rise.
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