BRNUSD
The BRN/USD pair is exhibiting mixed movement due to the tariffs planned by Trump on Canada and Mexico, along with the potential new tariffs on China. In addition to these trade policies, expectations regarding the Fed's monetary policy in the US are also influencing oil prices. In Asian markets, attention is focused on the Fed's monetary policy statement. While efforts to recover continue following the sell-off in US tech stocks, uncertainties in the markets are setting the stage for fluctuating oil prices.
Technically, the BRN/USD pair is trading below the 76.50 – 77.00 resistance zone, indicating that the downward pressure may continue. In case of potential declines, the levels of 76.00 and 75.50 can be monitored as support. In upward recoveries, the 77.00 resistance is significant; if hourly closings occur above this level, targets could be 77.50 and 78.00. The RSI indicator is at 49, showing a neutral outlook. The pair's 0.07% drop compared to the previous day suggests that the volatile trend is continuing.
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