The major currencies’ pairs move within tight tracks, affected by the market holiday today, waiting to update the trends and targets expectations for the upcoming period.

The EURUSD pair couldn’t manage to reach 1.0950 level, to rebound downwards strongly and break 1.0855 level and attack 1.0775, to reactivate the negative scenario on the intraday and short term basis, on its way to achieve more expected decline in the upcoming period, noting that breaking the last level will open the way to head towards 1.0700 as a next negative target.

The NZDUSD pair provides additional positive trades but it begins to decline now, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the bearish trend that its next target located at 0.6690, while holding below 0.6875 represents key condition to continue the expected decline.

The expected trading range for today is between 0.6740 support and 0.6840 resistance

The expected trend for today: Bearish

The AUDUSD pair shows negative trades now after the EMA50 formed good resistance barrier against the price, supported by stochastic negativity, waiting for more decline that its targets begin by breaking 0.7395 to confirm extending the bearish wave towards 0.7315, reminding you that it is important to hold below 0.7495 to continue the expected decline.

The expected trading range for today is between 0.7390 support and 0.7490 resistance

The expected trend for today: Bearish