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The NZDUSD tests the resistance – Analysis - 08-09-2023
The NZDUSD pair trades with slight positivity by today’s open to test the key resistance 0.5900, accompanied by witnessing negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next targets located at 0.5820 followed by 0.5750.
Holding below 0.5900 is important to continue the expected decline, as breaching it represents the key to start intraday bullish wave that targets testing 0.6020 areas initially.
The expected trading range for today is between 0.5820 support and 0.5920 resistance
The expected trend for today: Bearish
The AUDUSD is stable – Analysis - 08-09-2023
The AUDUSD pair didn’t show any strong move in the previous sessions, thus, the bearish trend scenario will remain valid for the upcoming period without any change, supported by the negative pressure formed by the EMA50, waiting to head towards 0.6300 as a next main target, reminding you that it is important to hold below 0.6400 to continue the expected decline.
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Brent oil price couldn’t manage to continue the rise, noticing that the price recorded lower high as appears on the chart, to start declining and heads towards building bearish wave on the intraday basis, targeting visiting 88.20 initially, noting that breaking this level will push the price to 86.75 as a next negative target.
MoreCrude oil price begins bearish correction – Analysis - 08-09-2023
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