The GBPUSD pair shows sideways trading since morning and hovers around the EMA50, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for today, which targets 1.3800 as a next station, while achieving it requires holding below 1.4025.

The expected trading range for today is between 1.3830 support and 1.4000 resistance.

The expected trend for today: Bearish

The EURUSD pair bounced bearishly after touching the EMA50 this morning, which support the expectations of continuing the bearish trend for the upcoming sessions, which targets 1.1888 followed by 1.1780 after breaking the previous level, reminding you that the continuation of the bearish wave depends on the price stability below 1.1976.

The expected trading range for today is between 1.1860 support and 1.2020 resistance.

The expected trend for today: Bearish

The CADCHF pair formed strong bullish rally recently, to notice surpassing the main bearish channel’s resistance at 0.7425 to confirm moving to the bullish track, while we expect to gather the positive momentum now to rally towards 0.7488 followed by attempting to reach 23.6% Fibonacci correction level at 0.7530 as a first main target for the bullish track.

The expected trading range for today is between 0.7430 and 0.7488

The expected trend for today: Bullish

The Australian index still lacks the positive momentum until this moment, to notice its fluctuation near the bullish channel’s support line at 6740.00, while the current support represents the main key to renew the bullish attempts that might target 6905.00 initially.

On the other hand, facing negative pressures and crawling below the current support will force it to suffer many losses by moving towards 6670.00 and 6570.00 levels.

The expected trading range for today is between 6740.00 and 6900.00

The expected trend for today: Bullish