The GBPUSD price shows new positive trades to attack 1.2300$ level and attempts to hold above it, which hints heading to achieve more expected gains in the upcoming sessions, targeting visiting the bearish channel’s resistance line around 1.2470$ mainly.

Moving above the EMA50 supports the expected rise, while breaking 1.2265$ will stop the bullish trend and push the price to resume the main bearish trend again.

The expected trading range for today is between 1.2240$ support and 1.2390$ resistance

Trend forecast: Bullish

The EURUSD price continued to rise yesterday to approach 1.0455$ level, waiting for more rise as a bullish correction for the decline measured from 1.1208$ to 1.0221$, noting that breaching 1.0455$ will push the price towards 1.0600$ as a next correctional target.

Therefore, the bullish trend will be suggested for today, taking into consideration that breaking 1.0325$ will stop the bullish wave and push the price to return to the main bearish track again.

The expected trading range for today is between 1.0320$ support and 1.0480$ resistance

Trend forecast: Bullish

The NZDUSD price rallied upwards to breach 0.5610$ level and settles above it, to hint heading to start bullish correction on the intraday basis, noting that the first target is located at 0.5738$, while breaking 0.5605$ represents the key to return to the main bearish track again.

The AUDUSD price breached the bearish channel’s resistance line strongly and attempts to hold above it, to head towards starting bullish correction for the decline measured from 0.6942$ to 0.6130$, noting that the first target is located at 0.6322$, while achieving it requires holding above 0.6215$.