Midday update for the NZDUSD 11-09-2023

The AUDUSD pair provides additional positive trades to move away from 0.6400 level and hint the continuation of the rise for the rest of the day, making the bullish bias expected in the upcoming sessions, targeting testing 0.6545 mainly, supported by stochastic positivity, taking into consideration that the continuation of the bullish wave requires holding above 0.6400.

The tight range dominates brent oil price trades since morning, thus, no change to the expected bearish trend for today, which its targets begin by testing 89.25, noting that stochastic provides negative signals that support the suggested decline, which will remain valid unless the price rallied to breach 91.50 and hold above it.

Crude oil price shows weak trades since morning, settling around 87.00, thus, no change to the expected bearish trend scenario for today, motivated by the negative overlapping signal provided by stochastic now, waiting to test 85.75 as a first station, reminding you that the continuation of the bearish wave conditions holding below 88.18.