The NZDUSD confirms the break – Analysis - 04-07-2022
The NZDUSD pair managed to achieve our extended target at 0.6150, and bounced bullishly to breach 0.6210 that forms key resistance now, as it keeps its stability below it until now, to support the continuation of the expected negative scenario on the intraday and short term basis, waiting to get negative motive that assist to push the price to surpass 0.6150 and head towards 0.6100 as a next target.
Therefore, the bearish trend scenario will remain valid unless breaching 0.6210 followed by 0.6280 levels and holding above them.
The expected trading range for today is between 0.6150 support and 0.6250 resistance
The expected trend for today: Bearish
The AUDUSD keeps achieving the negative targets – Analysis - 04-07-2022
The AUDUSD pair tests the resistance line formed at 0.6830 and keeps its stability below it, to keep the negative pressure valid for the upcoming period, supported by the EMA50, waiting to visit our next target that reaches 0.6750.
The bearish channel organizes the suggested bearish wave, noting that breaching 0.6830 will push the price to achieve intraday gains that target 0.6910 areas before any new attempt to decline.
The expected trading range for today is between 0.6750 support and 0.6850 resistance
The expected trend for today: Bearish
Brent oil price returns to rise – Analysis - 04-07-2022
Brent oil price couldn’t hold for long time below 110.10 level, to breach it and settle above it again, which leads the price to recover on the intraday basis, on its way to visit 115.10 as a main positive target.
Breaching 111.95 will ease the mission of rallying towards the mentioned positive target, while the expected rise will remain valid unless breaking 110.10 and holding below it again.
The expected trading range for today is between 109.00 support and 115.10 resistance.
The expected trend for today: Bullish
Crude oil price is recovering – Analysis - 04-07-2022
Crude oil price settles above 106.00 barrier, to support he chances of achieving more expected gains on the intraday basis, targeting visiting 109.15 level as a next main station.
Therefore, we suggest witnessing more rise in the upcoming sessions, noting that breaking 104.60 will stop the negative scenario and press on the price to decline again.
The expected trading range for today is between 104.60 support and 110.00 resistance.
The expected trend for today: Bullish