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Midday update for the NZDUSD 17-08-2022
The NZDUSD pair traded with strong negativity to break 0.6320 level and close the last four hours’ candlestick below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which its next target located at 0.6260, reminding you that holding below 0.6380 is important to continue the expected decline.
The expected trading range for today is between 0.6280 support and 0.6380 resistance
The expected trend for today: Bearish
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Midday update for the AUDUSD 17-08-2022
The AUDUSD pair shows additional negative trades to surpass 0.6980 level and reach the bullish channel’s support line, expecting to surpass this level and extend the bearish wave towards 0.6910 level, to keep the bearish trend scenario active unless breaching 0.7050 and holding above it.
MoreMidday update for Brent oil 17-08-2022
Brent oil price shows new negative trades to trade below 94.00 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, opening the way to head towards 92.00 that represents our next target, noting that breaching 96.20 will stop the expected decline and lead the price to start correctional bullish wave.
MoreMidday update for Crude oil 17-08-2022
Crude oil price returns to decline to move below 86.36 level, to keep the bearish trend scenario valid and active for the upcoming period, waiting to head towards 85.00 followed by 84.00 levels as next main targets, reminding you that the continuation of the bearish wave depends on the price stability below 87.70.
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