Midday update for the NZDUSD 15-11-2019
The NZDUSD pair shows bearish bias now to start testing the EMA50, thus, ou bearish overview will remain valid for the upcoming sessions, supported by stochastic approach to the overbought areas, waiting to visit 0.6340 level as a first station, which breaking it represents the key to rally towards 0.6285 followed by 0.6205 levels, while holding below 0.6426 represents key condition to achieve the suggested targets.
The expected trading range for today is between 0.6320 support and 0.6440
The expected trend for today: Bearish
Midday update for the AUDUSD 15-11-2019
The AUDUSD pair resumes its negative trading to move away from the EMA50, reinforcing the expectations of achieving more decline today, reminding you that our next target is located at 0.6730, while holding below 0.6895 represents key condition to continue the suggested bearish wave.
The expected trading range for today is between 0.6735 support and 0.6840
The expected trend for today: Bearish
Midday update for Brent oil 15-11-2019
Brent oil price resumes its negative trading to reach the thresholds of the intraday bullish channel’s support line, waiting for more decline to surpass this support and open the way to visit our main waited target at 59.60, to continue suggesting the bearish trend on the intraday basis unless the price rallied to breach 62.50 level and hold with a daily close above it.
The expected trading range for today is between 60.50 support and 63.20 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 15-11-2019
Crude oil price shows new negative trading to move away from the EMA50, which supports the continuation of our bearish overview for the rest of the day, which targets 55.45 followed by 54.60 levels as next main stations, reminding you that the continuation of the suggested bearish wave depends on the price stability below 57.40.
The expected trading range for today is between 54.45 support and 58.80 resistance.
The expected trend for today: Bearish