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Midday update for the NZDUSD 25-05-2023
The NZDUSD pair continues to decline, attempting to press on 0.6080 level, waiting for more bearish bias to break this level and open the way to head towards our next target at 0.6020.
In general, the bearish trend will remain valid and active for today unless breaching 0.6140 and holding above it.
The expected trading range for today is between 0.6015 support and 0.6145 resistance
The expected trend for today: Bearish
Midday update for the AUDUSD 25-05-2023
The AUDUSD pair settles below 0.6550 level, to keep the negative pressure valid for the upcoming period, affected by the previously completed head and shoulders’ pattern, waiting to head towards 0.6460 followed by 0.6400 levels as next main targets.
We remind you that breaching 0.6550 level and holding above it will stop the current decline and lead the price to achieve intraday gains that start by testing 0.6605 areas.
The expected trading range for today is between 0.6460 support and 0.6570 resistance
The expected trend for today: Bearish
Midday update for Brent oil 25-05-2023
Brent oil price shows some bearish bias to head towards potential test to the key support 76.80, affected by stochastic negativity, noticing that the EMA50 meets the mentioned support to add more strength to it, to keep the chances valid to continue the expected bullish trend for today, which its first target located at 78.90.
We remind you that breaking 76.80 will stop the suggested bullish wave and push the price to turn to decline and head towards 74.30 areas mainly.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 25-05-2023
Crude oil price faces clear negative pressure to attack 73.80 level and moves below it, which urges caution from the upcoming trading, as confirming the break and consolidate below this level will stop the expected rise and push the price to decline towards 71.55 mainly.
Stochastic attempts to gather the positive momentum, waiting to motivate the price to resume the bullish wave and step above 73.80 to reinforce the chances of heading towards 76.10 as a next main target.
The expected trading range for today is between 72.80 support and 76.10 resistance.
The expected trend for today: Bullish