The USDCHF pair breached 0.9675 level and closed the daily candlestick above it, to open the way to achieve more rise in the upcoming sessions, paving the way to head towards 0.9790 as a next main station.
Therefore, the bullish trend will be suggested, supported by the EMA50, noting that breaking 0.9675 and holding below it will push the price to test 0.9581 level before determining the next trend clearly.
Expected trading range for today is between 0.9600 support and 0.9770 resistance.
Expected trend for today: Bullish
The NZDUSD pair fluctuates around the minor bearish channel’s support line that appears on the chart, while the main bullish trend scenario still valid as long as the price remains stable above 0.7281, waiting to get positive motive that supports the chances of resuming the rise in the upcoming sessions, as our next main target is located at 0.7436.
We should note that breaking 0.7281 will put the price within the correctional bearish track again, to start the negative targets at 0.7185.
Expected trading range for today is between 0.7260 support and 0.7436
Expected trend for today: Bullish
The AUDUSD pair begins today’s trading with bullish bias to approach our first waited target at 0.7818, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, reminding you that breaching this level will push the price towards 0.7893 as a next target.
Therefore, we will continue to suggest the bullish trend, supported by the EMA50, reminding yout hat holding above 0.7743 represents key condition to achieve the suggested targets.
Expected trading range for today is between 0.7740 support and 0.7870
Expected trend for today: Bullish
Brent oil price rallied upwards strongly yesterday to approach oru first waited target at 74.40, to keep trading inside the bullish channels that appear on the chart, as it gets continuous positive support by the EMA50, waiting to extend the bullish wave to reach 77.30 as a next station.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 72.70.
Expected trading range for today is between 73.00 support and 76.00 resistance.
Expected trend for today: Bullish