Bitcoin price breached 10748.00 level and settled above it, to move above the EMA50 now, which hints the price head to achieve gains in the upcoming sessions and attempts to recover on the short term basis.

Therefore, we expected witnessing positive trades in the upcoming period, noting that the next main target is represented by testing 12852.65 level, taking into consideration that breaching this level will extend Bitcoin price gains to reach 15456.70 as a next main station, while the expected rise will remain valid unless breaking 10748.00 level and holding below it again.

Expected trading range for today is between 10700.00 support and 12850.00 resistance

Expected trend for today: Bullish

The USDCHF pair settles below 0.9418 level, to keep the negative pressure valid until now, supported by the EMA50 that keeps pushing the price downwards, waiting to resume the bearish wave that its next main target located at 0.9250, noting that breaking this level will extend the pair’s losses to reach 0.9035 on the short term basis.

Therefore, the bearish trend will remain dominant in the upcoming sessions conditioned by holding below 0.9418.

Expected trading range for today is between 0.9270 support and 0.9420 resistance.

Expected trend for today: Bearish

The NZDUSD pair returns to test the bullish channel’s support line that carries the price from 0.6820 areas, and the EMA50 meets this channel’s support line to add more strength to it, which keeps the bullish trend scenario active until now, and the price needs to breach 0.7375 level to confirm opening the way to head towards the previously recorded top at 0.7558 as a next main station.

Therefore, we are waiting for positive trading in the upcoming sessions, noting that the continuation of the expected rise depends on holding above 0.7325 and the most important above 0.7261 levels.

Expected trading range for today is between 0.7261 support and 0.7440

Expected trend for today: Bullish

The AUDUSD pair succeeded to touch our waited target at 0.8125 and shows slight bearish rebound from there, as the price is affected by stochastic negativity, while the price still inside the bullish channel that appears on the chart, waiting to breach the mentioned level to confirm extending the bullish wave towards 0.8200.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless we witnessed clear break for 0.8015 followed by 0.7936 levels and hold below them.

Expected trading range for today is between 0.8015 support and 0.8200

Expected trend for today: Bullish