Midday update for the NZDUSD 22-10-2021

The AUDUSD pair bounced upwards clearly after leaning on 0.7455 level, to head towards regaining the main bullish trend followed by achieving positive targets that start at 0.7545 and extend to 0.7615, making the bullish bias suggested for the rest of the day, noting that breaking 0.7455 will stop the expected rise and press on the price to achieve more bearish correction.

Brent oil price trades positively and attempts to confirm exiting the intraday bearish channel that appears on the chart, as it gets positive support by the EMA50, which makes us prefer to stay aside until the price confirms its situation according to 84.00 level to detect the next destination clearly.

Crude oil price shows clear positive trades to attack 82.65 level, which urges caution from the upcoming trading, as confirming breaching this level will stop the morning suggested negative scenario and lead the price to turn to rise again, to head towards visiting 84.40 areas initially.