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The NZDUSD surpasses the target – Analysis - 18-06-2021
The NZDUSD pair managed to achieve our waited target at 0.7030 and surpassed it to settle below it, as it tests 0.7000 barrier now, waiting to surpass this level to open the way to visit 0.6945 as a next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7070 and holding above it.
The expected trading range for today is between 0.6940 support and 0.7050 resistance
The expected trend for today: Bearish
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The AUDUSD keeps declining – Analysis - 18-06-2021
The AUDUSD pair traded with strong negativity to move away from 0.7615, on its way to achieve our waited negative target at 0.7500, waiting for more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50.
MoreBrent oil price breaks the bullish channel’s support line – Analysis - 18-06-2021
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