Midday update for the NZDUSD 10-02-2021

The AUDUSD pair shows some slight bearish bias, affected by stochastic negativity, waiting to get positive momentum to assist to push the price to continue the main bullish trend, which targets 0.7760 followed by 0.7820 levels mainly, reminding you holding above 0.7625 is important to continue the suggested rise.

Brent oil price resumes its positive trading to approach our waited target at 62.07, and we expect the extension of the bullish wave on the short term basis to reach 63.55 as a next station, reminding you that it is important to hold above 60.30 to achieve the suggested targets.

Crude oil price rallies upwards strongly to surpass the minor resistance that appears on the chart, which supports the continuation of our bullish overview efficiently for the rest of the day, and the way is open to head towards our next main target at 59.70, reminding you that the continuation of the bullish wave requires holding above 57.50.