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Midday update for the NZDUSD 12-03-2020
The NZDUSD pair trades with calm negativity to move away gradually from the bearish channel’s resistance, to keep the bearish trend scenario active for the the rest of the day, on its way to visit 0.6190 that represents the first main target, reminding you that the continuation of the bearish wave conditions holding below 0.6324.
The expected trading range for today is between 0.6170 support and 0.6324
The expected trend for today: Bearish
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Midday update for the AUDUSD 12-03-2020
The AUDUSD pair succeeded to touch our waited target at 0.6430 and surpasses it now to settle below it, which supports the expectations of extending the bearish wave on the short term basis, paving the way to head towards our next target that reaches 0.6230.
MoreMidday update for Brent oil 12-03-2020
Brent oil price faces additional negative pressure to move below 34.80 level now, which urges caution from the upcoming trading, as holding with a daily close below this level will force the price to achieve more decline and head towards 31.57 mainly, while the price needs to consolidate above 34.80 to manage to resume the bullish trend that targets 38.00 followed by 41.17 levels on the near term basis.
MoreMidday update for Crude oil 12-03-2020
Crude oil price shows sideways trades since morning, and it keeps its stability above 61.8% Fibonacci correction level, to keep the intraday bullish scenario valid for today, waiting to resume the rise to surpass 34.50 level to ease the mission of heading towards our main expected target at 38.04, reminding you that the continuation of the bullish trend depends on the price stability above 31.07.
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