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The NZDUSD keeps its positive stability – Analysis - 31-03-2020

Economies.com
2020-03-31 04:48AM UTC

The NZDUSD pair leaned on the bullish channel’s support line that meets the key support 0.5958 and started to rise from there, which keeps our bullish overview valid for the upcoming period, supported by the positive overlapping signal provided by stochastic now, waiting to test 0.6073 level initially, noting that breaching this level will extend the price gains to reach 0.6216.

 

The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 0.5958 level and holding below it.

 

The expected trading range for today is between 0.5960 support and 0.6130

 

The expected trend for today: Bullish

The AUDUSD tests the support – Analysis - 31-03-2020

Economies.com
2020-03-31 04:48AM UTC

The AUDUSD pair tested 0.6097 level by today’s open and bounced bullishly from there, on its way to visit 0.6236 that represents our first positive target, reminding you that breaching this level will push the price to 0.6407 as a next station.

 

Therefore, the bullish trend will remain active for the upcoming period supported by the EMA50, organized inside the bullish channel that appears on the chart, reminding you that the continuation of the bullish wave conditions the price stability above 0.6097 and the most important above 0.5958.

 

The expected trading range for today is between 0.6100 support and 0.6260

 

The expected trend for today: Bullish

Brent oil price tests the channel’s resistance – Analysis - 31-03-2020

Economies.com
2020-03-31 04:47AM UTC

Brent oil price opened today’s trading with bullish gap that puts the price near the bearish channel’s resistance that appears on the chart, but we notice that the price begins to provide negative trades supported by stochastic negativity, which supports the chances of resuming the bearish bias to cover the mentioned gap first, followed by resuming the main bearish trend within the mentioned channel.

 

Therefore, the overall negative scenario will remain valid for the upcoming period unless breaching the channel’s resistance at 28.00 and holding above it, noting that our expected targets begin at 25.84 and extend to 24.70.

 

The expected trading range for today is between 25.00 support and 29.00 resistance.

 

The expected trend for today: Bearish

Crude oil price attempts to recover – Analysis - 31-03-2020

Economies.com
2020-03-31 04:47AM UTC

Crude oil price traded with clear positivity yesterday to approach the key resistance 23.70, but it begins today bearish bias that hints the price head to resume the main bearish trend, noticing that stochastic provides negative signals that support the chances of declining in the upcoming sessions.

 

Therefore, we are waiting for negative trades today, and the targets begin at 22.15 and extend to 20.00, taking into consideration that breaching 23.70 will stop the expected decline and leads the price to achieve more gains on the intraday and short term basis.

 

The expected trading range for today is between 20.00 support and 24.50 resistance.

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of NZD/USD today?

The price of NZD/USD is $0.6008 (2025-07-11 23:05PM UTC)