Midday update for the NZDUSD 29-09-2023
The NZDUSD pair managed to achieve our waited target at 0.6020 and breaches it to attempt to hold above it now, which supports the continuation of the expected bullish trend for today, paving the way to head towards 0.6100 followed by 0.6140 levels that represent our next main targets, taking into consideration that holding above 0.6020 is required to continue the positive scenario.
The expected trading range for today is between 0.5950 support and 0.6060 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 29-09-2023
The AUDUSD pair shows more bullish rally to approach 0.6500 barrier, reinforcing the expectations of continuing the bullish trend for the rest of the day, and the way is open to achieve our waited target at .06545, supported by moving above the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 0.6400.
The expected trading range for today is between 0.6410 support and 0.6520 resistance
The expected trend for today: Bullish
Midday update for Brent oil 29-09-2023
The tight range dominates brent oil price trades since morning, thus, the bearish trend scenario will remain valid as it is without any change, which targets visiting 92.74 level as a first negative station, reminding you that breaching 96.05 will stop the expected decline and push the price to rise again.
The expected trading range for today is between 92.70 support and 95.70 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 29-09-2023
Crude oil price didn’t show any strong move since morning, to fluctuate around 92.00 level, thus, no change to the expected bearish trend for today, which depends on the price stability below 92.75 level, while its next main target located at 89.90.
The expected trading range for today is between 90.40 support and 93.50 resistance.
The expected trend for today: Bearish