The NZDUSD pair traded with clear positivity yesterday's evening to approach from testing 0.7049 level, noticing that the price rebounds bearishly in attempt to resume the main bearish trend, and as we mentioned in our last report, holding below the mentioned level keeps the bearish trend scenario active until now, waiting to test 0.6915 level initially.

Therefore, the bearish trend will remain suggested in the upcoming sessions, noting that breaking 0.6915 level will push the price towards 0.6780 direct, while breaching 0.7049 will stop the expected decline and lead the price to recovery on the short term and medium term basis.

Expected trading range for today is between 0.6915 support and 0.7070

Expected trend for today: Bearish

The AUDUSD pair returned to rise and test the bearish channel's resistance that appears on the above chart, accompanied by the continuous negative signals that appear through stochastic on the four hours' time frame, which keeps the chances valid to rebound bearishly and resume the bearish bias on the short term basis.

Therefore, we will continue to suggest the bearish trend in the upcoming period unless we witnessed clear breach and holding above 0.7365, reminding you that our main waited targets start at 0.7210 and extend to 0.7063.

Expected trading range for today is between 0.7210 support and 0.7400

Expected trend for today: Bearish

Brent oil price provide positive trading yesterday to attempt to breach 57.00 level without managing to hold above it until now, noticing that the price continues to fluctuate near the mentioned level in attempt to confirm the breach followed by opening the way to head towards our next main target at 59.88.

In general, we will continue to suggest the bullish trend that moves organized inside the bullish channel that appears on chart, supported by the EMA50, taking into consideration that the continuation of the expected rise mainly depends on the stability above 55.30.

Expected trading range for today is between 55.30 support and 59.00 resistance.

Expected trend for today: Bullish

Crude oil price shows calm positive trading to move away gradually from the EMA50, which supports the continuation of the main bullish trend scenario in the upcoming sessions, waiting to test 55.27 recorded top as a first main target, which breaching it represents the key to extend oil gains to reach 56.50.

Therefore, we are waiting for more rise on the intraday and short term basis, noting that the continuation of the positive scenario depends on the stability above 51.35, as breaking this level will push the price to visit 48.37 areas before any new positive attempt.

Expected trading range for today is between 52.30 support and 56.00 resistance.

Expected trend for today: Bullish