Bitcoin price continued its strong decline to return to the bearish channel that appears on the chart, which adds more confirmation to the continuation of the bearish trend on the short term basis, and the way is open to visit 8643.35 level that represents our next negative target, noting that breaking this level will put the price under more negative pressure and pushes to suffer strong losses that reach 6039.30 as a next station.

In general, the bearish trend will be expected in the upcoming sessions unless the price managed to breach 10748.00 followed by 11160.00 levels and hold above them.

Expected trading range for today is between 8600.00 support and 10748.00 resistance

Expected trend for today: Bearish

The USDCHF pair resumed its negative trading to complete forming bearish flag pattern that its signs appear on the chart, as the price confirmed breaking this pattern’s support line to get negative motive that supports the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to achieve our next target at 0.9250, noting that breaking this level will extend the pair’s losses to reach 0.9035.

Therefore, the expected decline will remain dominant unless the price managed to breach 0.9418 and hold above it.

Expected trading range for today is between 0.9260 support and 0.9400 resistance.

Expected trend for today: Bearish

The NZDUSD pair begins today’s trading with clear rise to start the attempts to breach the key resistance 0.7375, which supports the continuation of our bullish overview in the upcoming sessions, waiting to confirm breaching the mentioned level to open the way to head towards our next target at 0.7558.

Therefore, the expected rise will remain valid for today conditioned by holding above 0.7330 and the most important above 0.7260.

Expected trading range for today is between 0.7300 support and 0.7470

Expected trend for today: Bullish

The AUDUSD pair made new test to the EMA50 that continues to protect trading inside the bullish channel that appears on the chart, and the price keeps its positive stability inside this channel, to keep the bullish trend scenario valid for the upcoming period, waiting to breach 0.8125 to confirm extending the bullish wave towards 0.8200 as a next target.

We should note that breaking 0.8040 will stop the expected rise and push the price to test 0.7936 areas before any new attempt to rise.

Expected trading range for today is between 0.8000 support and 0.8170

Expected trend for today: Bullish