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The NZDUSD leans on the support – Analysis - 06-03-2024

Economies.com
2024-03-06 04:08AM UTC

The NZDUSD pair consolidated above 0.6070 level, to hint heading to resume the expected bullish trend on the intraday basis, and we suggest targeting 0.6140 as a first positive station.

 

RSI shows positive signals that support the expected to rise today, noting that the continuation of the bullish wave depends on the price stability above 0.6070.

 

The expected trading range for today is between 0.6050 support and 0.6150 resistance

 

The expected trend for today: Bullish

The AUDUSD consolidates above the support – Analysis - 06-03-2024

Economies.com
2024-03-06 04:08AM UTC

The AUDUSD pair ended yesterday positively, as it settled above 0.6500 level again, to head towards resuming the bullish wave on the intraday basis, on its way to visit 0.6570 as a next main target.

 

Therefore, the bullish bias will be expected for today, noting that breaking 0.6500 will stop the suggested rise and push the price to turn to decline.

 

The expected trading range for today is between 0.6470 support and 0.6570 resistance

 

The expected trend for today: Bullish

Brent oil price continues to fluctuate – Analysis - 06-03-2024

Economies.com
2024-03-06 04:07AM UTC

Brent oil price hovers around the EMA50, and still confined inside the sideways range that appears on the chart, which its lines represented by 81.00 support and 83.87 resistance, to keep the sideways scenario valid until the price surpassed one of these levels.

 

We remind you that breaking the mentioned support will put the price under negative pressure and open the way to achieve negative targets that start at 79.25 and extend to 77.44, while breaching the resistance represents the key to regain the bullish trend and head towards 86.74 as a next positive station.

 

The expected trading range for today is between 81.00 support and 84.20 resistance.

 

The expected trend for today: Sideways

Crude oil price consolidates above the support – Analysis - 06-03-2024

Economies.com
2024-03-06 04:07AM UTC

Crude oil price consolidated above the bullish channel’s support line that appears on the chart, and kept its stability above it, and according to the trading rules inside the channels, the price is preparing to build bullish wave on the intraday basis, targeting heading towards 79.55 followed by 80.95 levels as initial positive stations.

 

Therefore, we expect to witness positive trades in the upcoming sessions, and breaching 78.70 will ease the mission to achieve the suggested targets, noting that breaking 78.15 will stop the expected rise and push the price to achieve more bearish correction.

 

The expected trading range for today is between 77.00 support and 80.00 resistance

 

The expected trend for today: Bullish