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NZDUSD breaks the support – Analysis - 16-03-2018
The NZDUSD pair broke 0.7281 level strongly and settled below it, to turn the intraday trend to decline, targeting heading towards 0.7185 level again, which represents 38.2% Fibonacci correction level for the rise measured from 0.6779 to 0.7436.
Therefore, we are waiting for more decline in the upcoming sessions unless we witnessed clear breach and hold above 0.7281.
Expected trading range for today is between 0.7150 support and 0.7320
Expected trend for today: Bearish
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AUDUSD under strong negative pressure – Analysis - 16-03-2018
The AUDUSD pair showed strong negativity yesterday to break 0.7818 level and settles below it, which puts the price under more expected negative pressure in the upcoming period, targeting testing 0.7743 level as a next station, noting that breaking this level will extend the pair’s losses to reach 0.7650 on the near term basis.
MoreBrent oil still stuck – Analysis - 16-03-2018
Brent oil price continues to fluctuate within sideways track, confined between 64.00 support and 65.40 resistance, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next track clearly, which keeps our neutrality valid until now.
MoreCrude oil is stable – Analysis - 16-03-2018
Crude oil price settles below 61.40 level, to keep the negative pressure valid on the intraday basis, supported by the negative signal provided now by stochastic, waiting to rebound bearishly to resume the bearish trend that targets testing 60.14 level as a first station.
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