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NZDUSD resumes the decline – Analysis - 05-03-2018
The NZDUSD pair continues to decline to approach our first waited target at 0.7185, reinforcing the expectations of achieving more decline on the intraday basis, noting that breaking the mentioned level will push the price towards 0.7107 as a next station.
Therefore, we will continue to suggest the bearish trend, supported by the negative pressure formed by the EMA50, unless breaching 0.7281 level and holding above it.
Expected trading range for today is between 0.7230 support and 0.7300
Expected trend for today: Bearish
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AUDUSD hovers around the support – Analysis - 05-03-2018
The AUDUSD pair fluctuates around 0.7743 level, and we still waiting the price stability below this level to confirm the continuation of the decline in the upcoming period, noting that the EMA50 forms negative pressure to support the negative overview.
MoreBrent oil fails to confirm the break – Analysis - 05-03-2018
Brent oil price showed many attempts to break 64.00 level but it could not manage to settle below it, to trade positively and approach 65.40 level now, which supports the chances of turning back to the main bullish trend, targeting surpassing the last level to confirm opening the way to head towards 66.54 followed by 67.68 levels.
MoreCrude oil surpasses the resistance – Analysis - 05-03-2018
The 60.14 level showed solid support against Crude oil price attempts to decline, which pushed trades to rise and breach 61.40 level and settle above it, hinting the price head to regain the main bullish trend that stopped recently for bearish correction, specially that the price completed forming positive formation after breaching the last level.
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