The EURUSD price retested the broken neckline of the double top pattern and keeps its stability below it, to keep the bearish trend scenario active for the upcoming period, waiting to break 1.0860 to rally towards 1.0765 as a next target, reminding you that it is important to hold below 1.0900 and 1.0960 to continue the expected decline.

The NZDUSD price shows more decline to approach our waited negative target at 0.6070, and the way seems open to surpass this level and open the way to achieve additional negative targets that reach 0.6000 areas on the near-term basis, as the price is affected by the double top pattern that its signs appear on the chart.

Therefore, our bearish overview will remain valid conditioned by the price stability below 0.6140.

The expected trading range for today is between 0.6050 support and 0.6150 resistance

Trend forecast: Bearish

The AUDUSD price broke 0.6570 level clearly and closed the last four hours’ candlestick below it, to support the expectations of the bearish trend domination in the upcoming sessions and open the way to head towards visiting 0.6500 as a next negative target.

Therefore, we will continue to suggest the bearish trend for today unless breaching 0.6570 followed by 0.6585 levels and holding above them again.

The expected trading range for today is between 0.6500 support and 0.6610 resistance

Trend forecast: Bearish

Brent oil price is affected by stochastic negativity to show some slight bearish bias, waiting to gather positive momentum that assist to push the price to resume the expected bullish trend for today, which gets good support by the EMA50, reminding you that our next target extends to 86.74.

In general, the bullish trend scenario will remain valid unless breaking 83.87 and holding with a daily close below it.

The expected trading range for today is between 84.00 support and 87.00 resistance.

Trend forecast: Bullish