Midday update for the NZDUSD 19-09-2023
The NZDUSD pair started to breach 0.5935 level now, to reinforce the expectations of continuing the bullish trend efficiently for the rest of the day, waiting to achieve our expected target at 0.6020, supported by the EMA50 that carries the price from below, reminding you that the continuation of the bullish wave requires holding above 0.5900.
The expected trading range for today is between 0.5880 support and 0.5980 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 19-09-2023
The AUDUSD pair shows positive trades in attempt to resume the expected bullish trend for today, to move away from the intraday bullish channel’s support line, waiting for more rise to achieve our main expected target at 0.6545.
On the other hand, we should note that breaking 0.6400 will stop the expected positive scenario and push the price to turn to decline.
The expected trading range for today is between 0.6390 support and 0.6490 resistance
The expected trend for today: Bullish
Midday update for Brent oil 19-09-2023
Brent oil price tests the bullish channel’s resistance now, waiting to breach this resistance to confirm extending the bullish wave and head towards 96.80 that represents our next positive station.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 94.05.
The expected trading range for today is between 93.80 support and 96.80 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 19-09-2023
Crude oil price provides more bullish bias to attempt to surpass 92.00 barrier, waiting for additional positive trades to achieve our targets that start at 92.45 and extend to 95.00 after surpassing the previous level.
In general, we will continue to suggest the bullish trend for today unless breaking 91.00 and holding with a daily close below it.
The expected trading range for today is between 90.40 support and 93.50 resistance.
The expected trend for today: Bullish