The NZDUSD consolidates above the support – Analysis - 24-01-2024

The AUDUSD pair faced solid resistance formed by the EMA50 against the recent positive attempts, to start pressing on the key support 0.6570 and attempts to break it now, which makes us prefer to stay aside until the price confirms its situation according to this level and detect its next destination clearly.

Brent oil price fluctuates around 79.50 level, noticing that stochastic attempts to get rid of its negative momentum, waiting to get positive motive that assist to push the price to resume the expected bullish wave on the intraday basis, which targets testing 81.00 as a next station, reminding you that breaching this level will lead the price to achieve additional gains that reach 83.87.

Crude oil price tested 73.73 level and kept its consolidation above it, and continues to move inside the bullish channel that appears on the chart, noticing that the EMA50 continues to support the price from below.