The NZDUSD still trapped in range area of (0.8533– 0.8413). A break in either direction will determine the trading bias in today`s session. Break below (0.8413) could trigger further bearish pressure targeting (0.8264), while break above (0.8533) could trigger further bullish advances testing (0.8533).
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We believe that possible bullishness could be seen during this trading session.
Support is at (152.60). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish.
The EURJPY bias is neutral. Upper barrier is at (130.45), break above that area could trigger further short term upside pressure testing (130.03). On the downside, the important price level at (128.87) may be tested or broken in the coming sessions, which may pull the pair towards (127.49 – 127.19).
The SILVER still trapped in range area of (24.140– 23.453). A break in either direction will determine the trading bias in today`s session. Break below (23.453) could trigger further bearish pressure targeting (22.584), while break above (24.140) could trigger further bullish advances testing (24.936).
GOLD is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.
A close above (1488.00) will call for (1495.57), and Loss of (1440.20) sees (1407.67).
We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (94.71) zones.
A proper confirmation would occur if the OIL will manage to overcome the (96.12) resistance.