Bitcoin price traded with clear negativity yesterday, starting today with more decline to reach our main waited target at 9855.80, and we believe that the chances are valid to surpass this level and extend the bearish wave on the short term basis, on its way to visit 9500.00 followed by 8936.30 as next negative stations.
Therefore, the bearish trend will remain dominant in the upcoming sessions, noting that failing to break 9855.80 will stop the negative scenario and push the price to start recovery attempts that target testing 10600.00 areas initially.
The expected trading range for today is between 9300.00 support and 10600.00 resistance
The expected trend for today: Bearish
The USDCHF pair returned to decline after testing the EMA50, attempting to break 0.9712 level, waiting to confirm the break to reinforce the expectations of extending the bearish wave on the intraday and short term basis, as our next target is located at 0.9590.
Therefore, we are waiting for more decline in the upcoming sessions unless the price rallied to breach 0.9770 level and hold above it.
The expected trading range for today is between 0.9660 support and 0.9770 resistance.
The expected trend for today: Bearish
The NZDUSD pair moves inside an intraday bearish channel that appears on the chart, falling under continuous negative pressure coming by the EMA50, therefore, the chances are valid to achieve more decline in the upcoming period, waiting to visit 0.6377 as a next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.6480 and hold above it.
The expected trading range for today is betwenen 0.6380 support and 0.6480
The expected trend for today: Bearish
The AUDUSD pair shows sideways trading in the recent sessions, keeping its stability below 0.6830, while stochastic continues to provide the negative signals on the daily tima frame.
Therefore, the bearish trend scenario will remain valid and active in the upcoming sessions conditioned by the price stability below 0.6830, noting that we are waiting to visit 0.6700 as a next main station.
The expected trading range for today is between 0.6720 support and 0.6830
The expected trend for today: Bearish