Midday update for the NZDUSD 22-02-2023

The AUDUSD pair shows more bearish bias to keep approaching the waited target at 0.6780, to keep the bearish trend scenario valid and active for today, supported by the EMA50, noting that breaking the mentioned level will extend the bearish wave to reach 0.6665 areas, while the continuation of the bearish trend depends on the price stability below 0.6925.

Brent oil price shows new negative trades to reach the first waited target at 81.30, and we suggest surpassing this level to achieve additional decline that targets 79.55 direct.

Crude oil price broke 75.65 level clearly and settles below it now, which supports the continuation of the expected bearish trend efficiently for today, opening the way to visit 74.35 as a next target, which breaking represents the key to extend the bearish wave to reach 70.30 areas.