Midday update for the NZDUSD 21-09-2021
The NZDUSD pair trades positively now to attack 0.7030 level, and it might head to retest 0.7084 level before turning back to decline again.
In general, the bearish trend scenario valid for today as long as the last level remains intact, supported by the negative pressure formed by the EMA50, noting that our targets begin at 0.6990 and extend to 0.6945.
The expected trading range for today is between 0.6960 support and 0.7070 resistance
The expected trend for today: Bearish
Midday update for the AUDUSD 21-09-2021
The AUDUSD pair continues to rise to reach the intraday bearish channel’s resistance, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to resume the expected bearish trend for today, which targets 0.7100 as a next main station, reminding you that it is important to hold below 0.7290 to continue the suggested negative scenario.
The expected trading range for today is between 0.7190 support and 0.7290 resistance
The expected trend for today: Bearish
Midday update for Brent oil 21-09-2021
Brent oil price managed to breach 74.70 and hold above it, which supports the continuation of our bullish overview efficiently for the rest of the day, waiting to head towards 77.80 as a next main station, reminding you that the continuation of the bullish wave depends on the price stability above 74.00.
The expected trading range for today is between 73.50 support and 76.20 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 21-09-2021
Crude oil price trades with clear positivity to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and we believe that the way is open to head towards our main waited target at 73.30, noting that holding above 70.70 is important to achieve the suggested targets.
The expected trading range for today is between 69.70 support and 72.70 resistance.
The expected trend for today: Bullish