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The USDCHF breaks the support – Analysis - 17-08-2021
The USDCHF pair continued its negative pressure to break 0.9135 level and settles below it, to activate the negative scenario that targets visiting 0.9060 areas initially, supported by moving below the EMA50.
Therefore, we suggest witnessing more bearish bias in the upcoming sessions, noting that breaching 0.9135 and holding above it will stop the current negative pressure and lead the price to start new recovery attempts.
The expected trading range for today is between 0.9060 support and 0.9180 resistance.
The expected trend for today: Bearish
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The NZDUSD under the negative pressure – Analysis - 17-08-2021
The NZDUSD pair broke 0.7000 level strongly and settles below it now, which stops the recently suggested positive scenario and lead the price to turn to decline, on its way to visit 0.6865 areas initially.
MoreThe AUDUSD achieves the first target – Analysis - 17-08-2021
The AUDUSD pair resumed its negative trades to succeed reaching our first waited target at 0.7300, and we suggest surpassing this level to head towards 0.7225 as a next main station, supported by the negative pressure formed by the EMA50.
MoreBrent oil price achieves more decline – Analysis - 17-08-2021
Brent oil price traded with strong negativity yesterday, and approached our second waited target at 67.70, but it bounced bullishly to settle around 69.65 now, noticing that the price begins to decline again, to head towards start new bearish wave that targets visiting 67.70 as a next main station.
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