The USDCHF pair provided negative trades after 0.9488 proved its strength against the recent positive attempts, to keep the bearish trend scenario valid efficiently in the upcoming period, supported by the EMA50 that pushes negatively on the price, waiting to test 0.9373 initially.

Breaking the mentioned level will extend the bearish wave to reach 0.9300 as a next station, while holding below 0.9488 represents key condition to achieve the suggested targets.

Expected trading range for today is between 0.9360 support and 0.9500 resistance.

Expected trend for today: Bearish

The NZDUSD pair confirmed breaching 0.7281 level after closing the daily candlestick above it, to activate the bullish trend scenario in the upcoming sessions, paving the way to head towards 0.7436 that represents our next main target.

Therefore, the bullish trend will be suggested on the intraday and short term basis unless breaking 0.7281 level and holding below it again.

Expected trading range for today is between 0.7200 support and 0.7380

Expected trend for today: Bullish

The AUDUSD pair attempted to breach 0.7743 level yesterday but it returns to move below it now, which keeps the bearish trend scenario valid until now, supported by the EMA50 that protects the mentioned resistance, besides stochastic losing the bullish momentum on the four hours’ time frame.

The next main waited target of the expected bearish wave is located at 0.7650, noting that breaching 0.7743 will push the price to achieve gains that start at 0.7818 and extend to 0.7893 after breaching the previous level.

Expected trading range for today is between 0.7650 support and 0.7818

Expected trend for today: Bearish

Brent oil price managed to form bullish flag pattern that appears on the minor image, as it started to breach this flag’s resistance now, motivated by the positive signal provided now by stochastic, waiting to push the price to resume the bullish trend in the upcoming sessions.

Therefore, we believe that the chances are valid to achieve gains on the intraday and short term basis, and the targets begin at 71.36 and extend to 73.65 after breaching the previous level, reminding you that holding above 69.08 represents key condition to achieve the suggested targets.

Expected trading range for today is between 69.08 support and 72.00 resistance.

Expected trend for today: Bullish