Midday update for the NZDUSD 27-03-2020
The NZDUSD pair fluctuates around 0.5958 level and faces negative pressure to move below it now, which urges caution from the upcoming trading, as holding below this level might postpone the suggested positive scenario on the intraday basis and presses on the price to test 0.5842 areas before any new positive attempt.
The expected trading range for today is between 0.5900 support and 0.6100
The expected trend for today: Bullish
Midday update for the AUDUSD 27-03-2020
The AUDUSD pair faces negative pressure to break 0.6097 level and moves below it, affected by stochastic negativity, while the EMA50 provides positive support to the price, to keep the chances valid to continue the expected bullish trend for the upcoming period, which targets 0.6236 as a next station, reminding you that it is important to hold above 0.5958 to achieve the waited targets.
The expected trading range for today is between 0.6000 support and 0.6236
The expected trend for today: Bullish
Midday update for Brent oil 27-03-2020
Brent oil price tested 28.30 level and still above it until now, while stochastic begins to overlap positively, waiting to motivate the price to resume the bullish wave that targets 31.55 followed by 32.50 levels mainly, noting that breaking 28.30 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 27.60 support and 31.50 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 27-03-2020
Crude oil price crawls negatively to reach the key support 23.50, and as long as the price is above this level, our bullish overview will remain valid for today, supported by the positive signal through stochastic, and the price needs to surpass the EMA50 that forms resistance barrier at 24.45 to confirm rallying towards our next positive target at 27.64.
The expected trading range for today is between 23.00 support and 26.50 resistance.
The expected trend for today: Bullish