Copper price still keeping the bullish attempts by moving away from the additional support 3.5000, to notice its reaction to stochastic positivity by consolidating at 3.6500 level, reminding you that it is important to form new bullish rally to surpass 3.7000 in order to reinforce the chances of recording the additional positive targets near 3.8500 and 4.0500.
The expected trading range for today is between 3.5500 and 3.7500
The expected trend for today: Bullish
The USDCHF pair shows weak trades in the previous sessions, noticing that stochastic lost its positive momentum and approaches to overlap negatively, waiting to motivate the price to resume the expected bearish wave on the intraday basis, which targets 0.9355 followed by 0.9300 levels mainly.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 0.9540.
The expected trading range for today is between 0.9350 support and 0.9480 resistance.
The expected trend for today: Bearish
The NZDUSD pair attempted to break 0.6240 level but it kept the stability of the daily close above it, to keep the bullish trend scenario active for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to head towards our positive targets that start at 0.6315 and extend to 0.6385.
Stochastic negativity might cause some temporary sideways fluctuation before resuming the expected rise, reminding you that it is important to hold above 0.6240 to continue the bullish trend.
The expected trading range for today is between 0.6210 support and 0.6330 resistance
The expected trend for today: Bullish
The AUDUSD pair hovers around 0.6767 level since yesterday and finds difficulty to breach it, starting new attempts to breach it today, to support the continuation of the expected bullish trend on the intraday and short term basis, reminding you that our next target reaches 0.6900.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.6725.
The expected trading range for today is between 0.6725 support and 0.6850 resistance
The expected trend for today: Bullish