Bitcoin price managed to hit our waited target at 8643.35 and pushes negatively on it, where the price is affected by the double top pattern that completed previously as appears in the above image, which supports the chances for surpassing the current levels and head towards our extended target that reach at 6039.30.

Therefore, we prefer the continuation of the bearish trend in the upcoming sessions supported by the negative pressure that comes from the EMA50, until breaching 10748.00 level and holding above.

Expected trading range for today is between 7800.00 support and 9500.00 resistance

Expected trend for today: Bearish

The USDCHF pair rallied upwards strongly yesterday to breach 0.9488 level and close the daily candlestick above it, which opens the way to extend the correctional bullish wave on the intraday and short term basis, as the next target is located at 0.9581, noting that breaching this level will push the price towards 0.9675 as a next station.

On the other hand, we notice that the price completed forming bullish pattern that we believe it will push the price to achieve extended targets that reach 0.9790, therefore, the bullish trend will be expected in the upcoming sessions unless breaking 0.9488 level and holding below it.

Expected trading range for today is between 0.9440 support and 0.9620 resistance.

Expected trend for today: Bullish

The NZDUSD pair ended yesterday’s trading below 0.7281 level, which stops yesterday’s expected rise and puts the price under the correctional bearish pressure again, waiting to head to test 0.7185 level again, which represents 38.2% Fibonacci correction level for the bullish wave that appears on the chart.

Therefore, we expect the price to witness more decline in the upcoming period unless it managed to breach 0.7281 level and hold above it again.

Expected trading range for today is between 0.7160 support and 0.7340

Expected trend for today: Bearish

The AUDUSD pair could not manage to hold for long time above 0.7818 level, to rebound bearishly and approach 0.7743 level, opening the way to return to the correctional bearish track again, noting that breaking the last level will push the price towards 0.7650 as a next station.

Therefore, the bearish trend will be suggested in the upcoming sessions unless breaching 0.7818 level and holding above it.

Expected trading range for today is between 0.7700 support and 0.7860

Expected trend for today: Bearish