Gold price shows additional positive trading to approach the bearish channel’s resistance, which hrepresent our waited target at 1727.00, to keep the positive scenario active until now, reminding you that surpassing this level will push the price to continue the rise and head towards 1765.00 as a next positive target, while failing to breach it will press on the price to decline again and head towards 1692.00 initially.

The expected trading range for today is between 1700.00 support and 1730.00 resistance.

The expected trend for today: Bullish temporarily

The GBPUSD pair shows sideways trading since morning, settling around the EMA50, thus, no change to the expected bearish trend for today, supported by stochastic negativity, depending on the price stability below 1.3840, reminding you that our expected targets begin at 1.3675 and extend to 1.3580.

The expected trading range for today is between 1.3700 support and 1.3840 resistance.

The expected trend for today: Bearish

The EURUSD pair shows some slight bullish bias now, and as we mentioned this morning, the price needs to hold below 1.1780 to keep the bearish trend active for today, as breaching it will lead the price to turn to rise, while the next main target of the suggested bearish wave is located at 1.1605.

The expected trading range for today is between 1.1630 support and 1.1780 resistance.

The expected trend for today: Bearish

The AUDCAD pair faced strong negative pressures recently, to reinforce the domination of the bearish bias and notice its decline from 0.9700 barrier, to record the first negative target at 0.9500.

Note that the continuous negative signals coming by the technical indicators reinforces the continuation of the negativity, to keep waiting to reach 0.9385, while surpassing it might extend losses towards 0.9250 in the upcoming period.

The expected trading range for today is between 0.9570 and 0.9385

The expected trend for today: Bearish