Midday update for the NZDUSD 08-04-2021
The NZDUSD pair retests the broken support of the rising wedge pattern and keeps its stability below it, to keep the negative effect of this pattern active, waiting to resume the decline that its targets begin by breaking 0.7000 to open the way to visit 0.6895 as a next main target, reminding you that it is important to hold below 0.7095 to achieve the suggested targets.
The expected trading range for today is between 0.6950 support and 0.7070 resistance
The expected trend for today: Bearish
Midday update for the AUDUSD 08-04-2021
The AUDUSD pair faces solid support at 0.7615, to show some positive trades, affected by stochastic positivity, and as long as the price is below 0.7665, our bearish overview will remain valid and active for today, waiting to break the mentioned support to confirm rallying towards 0.7500 as a next main station.
The expected trading range for today is between 0.7560 support and 0.7665 resistance
The expected trend for today: Bearish
Midday update for Brent oil 08-04-2021
Brent oil price continues to fluctuate around 62.95, which represents the first protection factor to the continuation of the expected bearish trend for today, supported by stochastic and the EMA50 negativity, waiting to resume the negative trades that target 60.30 followed by 57.75 levels as next main stations.
The expected trading range for today is between 61.30 support and 64.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 08-04-2021
Crude oil price keeps its stability below 59.85, to keep the bearish trend scenario valid and active for today, supported by the negative signal provided by stochastic now, waiting to resume the decline that targets 57.25 followed by 54.85 levels as next main stations, reminding you that it is important to hold below 59.85 and 60.60 levels to continue the expected decline.
The expected trading range for today is between 57.80 support and 60.60 resistance.
The expected trend for today: Bearish