The USDCHF pair shows more decline after confirming breaking 0.9578 level, to support the chances of continuing the bearish wave that its next target located at 0.9437, supported by the EMA50 that keeps pushing negatively on the price.
Therefore, our bearish overview will remain valid for today, taking into consideration that breaching 0.9578 will stop the current negative pressure and push the price to test 0.9700 areas again.
Expected trading range for today is between 0.9437 support and 0.9680 resistance.
Expected trend for today: Bearish
The NZDUSD pair provided negative trading again after the EMA50 formed good resistance barrier against the price recent positive attempts, and stochastic provides negative signal that supports the chances of continuing the decline in the upcoming sessions, waiting to break 0.7230 followed by 0.7187 levels to reinforce the chances of continuing the bearish trend that its main targets begin at 0.7100 and extend to 0.6990.
Therefore, the bearish trend scenario will remain valid and active on the intraday and short term basis, reminding you that holding below 0.7275 and 0.7329 levels represents main condition to achieve the suggested targets.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bearish
The AUDUSD pair shows some bearish bias now to retest the previously breached resistance line that turns into support at 0.7910, as the price is affected by stochastic negativity, noticing that the EMA50 meets the mentioned support to add more strength to it.
Until now, the bullish trend scenario will remain valid for the upcoming period conditioned by holding above 0.7880, as breaking it will push the price to test the most important support at 0.7800 before any new attempt to rise, reminding you that our waited positive targets begin at 0.8000 and extend to 0.8115.
Expected trading range for today is between 0.7850 support and 0.8050
Expected trend for today: Bullish
Brent oil price provided clear negative trading yesterday to approach from testing the key support 51.43, as the price kept its stability above this level to keep the positive scenario valid until now, supported by the positive signal provided by stochastic, waiting to resume the bullish bias in the upcoming sessions.
Therefore, we will continue to suggest the bullish trend for today unless breaking 51.43 and holding below it, reminding you that our waited targets begin at 53.62 and extend to 55.00.
Expected trading range for today is between 51.00 support and 54.00 resistance.
Expected trend for today: Bullish