The GBPUSD pair shows more bullish bias to move away from the intraday bullish channel’s support line, which supports the continuation of our positive overview, motivated by stochastic positivity, waiting for more rise to visit 1.4230 followed by 1.4275 levels, while holding above 1.4070 represents main condition to achieve these targets.

The expected trading range for today is between 1.4070 support and 1.4250 resistance.

The expected trend for today: Bullish

The EURUSD pair rallied upwards strongly to succeed breaching 1.2173 and opens the way to achieve more gains in the upcoming sessions, reinforcing the expectations of continuing the bullish trend for the rest of the day, which its next target located at 1.2300, noting that holding above 1.2173 represents initial condition to continue the expected rise.

The expected trading range for today is between 1.2100 support and 1.2260 resistance.

The expected trend for today: Bullish

The AUDCAD pair formed strong bullish rally recently, taking advantage of its consolidation within the bullish channel, to notice recording the first target at 0.9980.

Stochastic reaches the overbought areas to increase the chances of gathering the required additional positive momentum to breach the current obstacle and increase the chances of reaching 1.0070 and 1.0127 levels.

The expected trading range for today is between 0.9915 and 1.0070

The expected trend for today: Bullish

The Australian index succeeded to end the correctional bearish attempts by providing positive close above the main bullish channel’s support line at 6630.00, to notice forming bullish wave and press on 6825.00 barrier.

Note that it is important to surpass the mentioned barrier and hold above it to increase the chances of renewing the bullish attack, expecting to target 7035.00 followed by reaching 7215.00.

The expected trading range for today is between 6750.00 and 6900.00

The expected trend for today: Bullish