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Midday update for the NZDUSD 12-05-2021
The NZDUSD pair trades with clear negativity to test the EMA50 that forms good support against the price now, waiting to push trades to rise again and resume the bullish bias within the intraday bullish channel, to keep our bullish overview conditioned by the price stability above 0.7185, reminding you that we are waiting to visit 0.7400 as a next main target.
The expected trading range for today is between 0.7220 support and 0.7320 resistance
The expected trend for today: Bullish
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Midday update for the AUDUSD 12-05-2021
The AUDUSD pair faces negative pressure to attack 0.7810 level and moves below it to head towards potential test to the most important support at 0.7765 before attempting to return to rise again.
MoreMidday update for Brent oil 12-05-2021
Brent oil price tested 69.00 barrier and finds solid resistance there, and as long as the price is above 67.75, our bullish overview will remain valid for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to head towards 71.35 that represents our next main target.
MoreMidday update for Crude oil 12-05-2021
Crude oil price attempts to breach 65.60 level now, which supports the continuation of our bullish overview, getting good support by the EMA50, waiting to visit 67.95 as a next main target, reminding you that it is important to hold above 64.35 and 63.65 levels to continue the suggested rise.
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