Midday update for the NZDUSD 26-10-2020
The tight range dominates the NZDUSD pair’s trades since morning, therefore, no change to the bullish trend scenario that targets 0.6788 as a next main station, while failing to breach 0.6705 will put the price under negative pressure that its targets begin at 0.6590.
The expected trading range for today is between 0.6640 support and 0.6760
The expected trend for today: Bullish
Midday update for the AUDUSD 26-10-2020
The AUDUSD pair did not show any strong move since morning, to continue fluctuating around 0.7120, therefore, no change to the bearish trend scenario that depends on the price stability below 0.7170, while its main waited targets located at 0.7000 followed by 0.6964.
The expected trading range for today is between 0.7050 support and 0.7180
The expected trend for today: Bearish
Midday update for Brent oil 26-10-2020
Brent oil price succeeded to reach our waited target at 40.23 after the strong additional decline that it witnessed this morning, and we expect to break this level to open the way to extend the bearish wave on the short term basis, as its next target is located at 38.80.
Therefore, the negative scenario will remain dominant in the upcoming sessions, taking into consideration that failing to break 40.23 will lead the price to start bullish wave that its targets begin by testing 42.30 areas.
The expected trading range for today is between 39.50 support and 42.30 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 26-10-2020
Crude oil price shows additional negative trades to approach our waited target at 38.10, reinforcing the expectations of continuing the decline for the rest of the day, reminding you that surpassing this level will push the price to suffer more losses that reach 36.10, while the expected decline will remain valid unless breaching 40.50 and holding above it.
The expected trading range for today is between 37.50 support and 40.50 resistance.
The expected trend for today: Bearish