Midday update for the NZDUSD 20-11-2023
The NZDUSD pair achieved initial breach to 0.6020 level and closed the last four hours’ candlestick above it, which supports the continuation of the expected bullish trend scenario efficiently for the upcoming sessions, which targets 0.6090 followed by 0.6140 levels mainly, taking into consideration that the continuation of the bullish wave requires building solid support base and stability above 0.6020.
The expected trading range for today is between 0.5980 support and 0.6080 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 20-11-2023
The AUDUSD pair managed to breach 0.6545 level and attempts to hold above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, paving the way to head towards 0.6605 followed by 0.6660 that represent our next main targets, noting that holding above 0.6545 represents key condition to the continuation of the suggested rise.
The expected trading range for today is between 0.6500 support and 0.6600 resistance
The expected trend for today: Bullish
Midday update for Brent oil 20-11-2023
Brent oil price keeps its stability below above 81.00 level, which keeps the bullish trend scenario valid and active for today, waiting to get positive motive that assist to push the price to achieve our positive targets that start at 82.25 followed by 83.87, noting that breaking 81.00 will stop the expected rise and force the price to turn to decline.
The expected trading range for today is between 80.20 support and 83.30 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 20-11-2023
Crude oil price attempts to confirm breaching the bearish channel’s resistance, to support the continuation of the expected bullish trend for today, which its targets begin at 77.86, noting that breaching this level will extend the bullish wave to reach 79.60 as a next positive station.
On the other hand, it is important to note that breaking 76.35 and holding below it will push the price back to the bearish track, to head towards visiting 73.73 mainly.
The expected trading range for today is between 75.40 support and 78.40 resistance.
The expected trend for today: Bullish