Midday update for the NZDUSD 14-10-2021
The NZDUSD pair breached 0.6990 level strongly to reach 0.7030 level now, which supports the continuation of the expected bullish trend scenario for today, which its next target reaches 0.7080, noting that holding above 0.6990 is important to continue the expected rise.
The expected trading range for today is between 0.6945 support and 0.7050 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 14-10-2021
The AUDUSD pair rallied upwards to surpass our waited target at 0.7405 and confirms the extension of the bullish wave on the intraday and short term basis, paving the way to head towards 0.7478 as a next main target, noting that the continuation of the bullish wave requires holding above 0.7360.
The expected trading range for today is between 0.7350 support and 0.7440 resistance
The expected trend for today: Bullish
Midday update for Brent oil 14-10-2021
Brent oil price trades positively to move away from the breached resistance of the bullish flag pattern, to support the expectations of continuing the bullish trend in the upcoming sessions, waiting for more rise to visit 84.20 as a first target, noting that breaching this level will extend the bullish wave to reach 85.15, while holding above 83.15 represents key condition to achieve the suggested targets.
The expected trading range for today is between 82.00 support and 85.00 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 14-10-2021
Crude oil price confirmed the bullish flag pattern after consolidating above its breached resistance line, which supports the continuation of our bullish overview efficiently for the rest of the day, and the way is open to head towards our first expected target at 82.70, noting that the EMA50 continues to support the bullish wave, which will remain valid unless breaking 79.40 and holding below it.
The expected trading range for today is between 79.60 support and 82.50 resistance.
The expected trend for today: Bullish