The USDCHF pair broke the bullish channel's support line strongly and settled below it, to start bearish correction for the rise measured from 0.9420 to 1.0038, as the price started the breaking process to 23.6% Fibonacci correction level at 0.9892, hinting that the decline will extend towards 0.9800 areas in the upcoming sessions.

Therefore, the bearish trend will be suggested for today, supported by the negative pressure formed by the EMA50, taking into consideration that the expected decline will remain dominant unless the price managed to breach 0.9910 followed by 0.9955 levels and hold above them.

Expected trading range for today is between 0.9800 support and 0.9940 resistance.

Expected trend for today: Bearish

The NZDUSD pair shows some slight bearish bias now that hints the price head to resume the bearish trendi n the upcoming sessions, as stochastic lost its positive momentum on the intraday time frames, while the EMA50 keeps pushing negatively on the price.

Therefore, the bearish trend will remain suggested on the intraday and short term basis conditioned by holding below 0.6992 level, reminding you that breaking 0.6818 will open the way to rally towards 0.6618 on the near term basis.

Expected trading range for today is between 0.6780 support and 0.6925

Expected trend for today: Bearish

The AUDUSD pair begins today's trading with strong negativity to move away from 0.7633 level, which supports the continuation of our bearish overview efficiently in the upcoming period, and the way is open to visit our next target at 0.7516.

Therefore, we will continue to suggest the bearish trend for today supported by the negative pressure provided by the EMA50, noting that holding below 0.7633 represents the first condition to continue the suggested decline.

Expected trading range for today is between 0.7516 support and 0.7633

Expected trend for today: Bearish

Brent oil price broke 62.35 level clearly and rallied direct towards 38.2% Fibonacci correction level at 60.95, noticing that the price begins to provide bullish rebound signals from the current areas, supported by stochastic move inside the oversold areas now.

Therefore, we believe that the chances are valid to resume the main bullish trend in the upcoming sessions, and the price needs to breach 62.35 level to ease the mission of heading towards the recently recorded top at 64.63 as a first main station, taking into consideration that breaking 60.95 will push the price to visit 58.67 and might extend to 57.60 areas before any new attempt to rise.

Expected trading range for today is between 61.50 support and 64.63 resistance.

Expected trend for today: Bullish