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The USDCHF awaits more rise – Analysis - 12-09-2023

Economies.com
2023-09-12 03:59AM UTC

The USDCHF pair continues to fluctuate within sideways track, keeping its stability above 0.8890, thus, no change to the expected bullish trend for the upcoming period, which its next target reaches 0.8995, while achieving it requires holding above 0.8890.

 

The expected trading range for today is between 0.8850 support and 0.8990 resistance.

 

The expected trend for today: Bullish

The NZDUSD builds support base – Analysis - 12-09-2023

Economies.com
2023-09-12 03:59AM UTC

The NZDUSD pair settles above 0.5900 level, to build support base that supports the chances of starting bullish wave on the intraday basis, on its way to achieve gains that reach 0.6020 initially.

 

Therefore, the bullish bias will be suggested for today, noting that breaking 0.5900 will stop the positive scenario and push the price to decline again.

 

The expected trading range for today is between 0.5880 support and 0.5980 resistance

 

The expected trend for today: Bullish

The AUDUSD needs the positive momentum – Analysis - 12-09-2023

Economies.com
2023-09-12 03:59AM UTC

The AUDUSD pair keeps its stability above 0.6400, to keep the bullish trend scenario valid and active, waiting to visit 0.6545 as a next main target.

 

Stochastic current negativity hinders the mission to rise, waiting to gather positive momentum that assist to push the price to achieve the suggested targets, reminding you that holding above 0.6400 represents key condition to continue the expected bullish wave.

 

The expected trading range for today is between 0.6390 support and 0.6490 resistance

 

The expected trend for today: Bullish

Brent oil price approaches the resistance – Analysis - 12-09-2023

Economies.com
2023-09-12 03:58AM UTC

Brent oil price recent trades are confined within the triangle that appears on the chart, and the price reaches the key resistance 91.50 now, which urges caution from the upcoming trading, as continuing the rise and breaching this level will lead the price to resume the main bullish trend and head to achieve new gains that start at 93.00.

 

Note that we continue to suggest the intraday bearish trend until now, conditioned by the price stability below 91.50, noting that the waited targets start by breaking 90.50 to confirm rallying towards 89.25 as a first correctional station.

 

The expected trading range for today is between 89.50 support and 92.30 resistance.

 

The expected trend for today: Bearish