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The NZDUSD price forecast update 22-10-2024

Economies.com
2024-10-22 09:21AM UTC

The NZDUSD price shows some slight bearish bias now, waiting to get additional positive momentum that supports the chances of breaching 0.6070$ and open the way to continue the rise and achieve additional gains that reach 0.6140$.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.6025$ followed by 0.6000$ and holding below them.

 

The expected trading range for today is between 0.6000$ support and 0.6100$ resistance

 

Trend forecast: Bullish

The AUDUSD price forecast update 22-10-2024

Economies.com
2024-10-22 09:21AM UTC

The AUDUSD price approached 0.6697$ level, waiting for more rise to breach this level and confirm the continuation of the bullish trend domination for the upcoming sessions, reminding you that the next target reaches 0.6744$, while achieving it requires holding above 0.6650$.

 

The expected trading range for today is between 0.6640$ support and 0.6730$ resistance

 

Trend forecast: Bullish

Brent oil price forecast update 22-10-2024

Economies.com
2024-10-22 09:20AM UTC

Brent oil price tested 73.90$ level and finds solid support there, waiting to break this level to confirm the continuation of the bearish trend domination for the upcoming sessions, reminding you that our next target is located at 72.06$.

 

Stochastic continues to provide the negative signals that support the expectations to decline, reminding you that it is important to hold below 75.36$ to continue the bearish trend.

 

The expected trading range for today is between 72.50$ support and 75.50$ resistance.

 

Trend forecast: Bearish

Crude oil price forecast update 22-10-2024

Economies.com
2024-10-22 09:20AM UTC

Crude oil price shows sideways and tight trades since morning, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 70.58$, affected by the previously completed double top pattern, reminding you that our next target is located at 68.65$.

 

The expected trading range for today is between 68.60$ support and 71.60$ resistance

 

Trend forecast: Bearish