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Brent Crude Oil Prepares to Break Our Price Target – Analysis – 17-06-2026
Brent crude oil is maintaining a series of consecutive losses during its recent intraday trading, with the price reaching the support level at $79.00, which was the latest price target identified in our previous analyses. This comes amid continued negative pressure resulting from trading below its EMA50, reinforcing the stability and dominance of the primary short-term downtrend.
On the other hand, relative strength indicators are beginning to show a positive crossover after reaching deeply oversold levels, which may temporarily limit further losses in the near term.
USDCHF Reaches Our Price Target – Analysis – 17-06-2026
USDCHF declined during its latest intraday trading, reaching the key support level at 0.7920, which was a price target identified in our previous analyses. This move comes amid the dominance of a short-term bearish corrective wave, with continued negative pressure resulting from trading below its EMA50, which previously prevented the pair from recovering. Meanwhile, relative strength indicators continue to deliver negative signals despite reaching deeply oversold levels.
NZDUSD Shows Mixed Signals – Analysis – 17-06-2026
(NZDUSD) experienced volatile trading during its recent intraday levels, with negative signals beginning to emerge from relative strength indicators after reaching excessively overbought levels compared to the pair’s movement. This suggests the beginning of a bearish divergence formation that could limit the pair’s upside potential in the near term.
On the other hand, the pair continues to benefit from positive dynamic support represented by trading above its EMA50, while a short-term corrective upward wave remains in control.
AUDUSD Attempts to Gain Positive Momentum – Analysis – 17-06-2026
AUDUSD declined slightly during its latest intraday trading, affected by the continued strength of the key and stubborn resistance level at 0.7080. The pair remains in an attempt to gain the positive momentum needed to break through this resistance, amid the dominance of a short-term corrective upward wave.
The pair also benefits from dynamic support provided by trading above its EMA50, while relative strength indicators are beginning to show a positive crossover.