The NZDUSD pair recovers to move above 0.7621 level again, which supports the continuation of our bullish overview efficiently in the upcoming sessions, reinforced by stochastic positivity that appears clearly on the four hours' time frame, while the EMA50 keeps carrying the price from below.
Therefore, we will continue to suggest the bullish trend for today, reminding you that our next main target is located at 0.7375, which achieving it conditions holding above 0.7220.
Expected trading range for today is between 0.7200 support and 0.7350
Expected trend for today: Bullish
The AUDUSD pair made new test to 0.7937 level this morning and kept its stability above it, which keeps our positive overview valid for the rest of the day, waiting to resume the bullish wave that targets 0.8125 level as a next main station.
Therefore, we are waiting for more rise in the upcoming sessions conditioned by holding above 0.7937.
Expected trading range for today is between 0.7900 support and 0.8050
Expected trend for today: Bullish
Brent oil price achieved initial break to the key support 69.00 and tests the next support 68.70 now, which hints the price head to start intraday bearish correction in the upcoming sessions, which urges caution from the upcoming trading, as breaking the last level will push the price towards 67.15 before any new attempt to rise.
Until now, the morning suggested scenario will remain active unless breaking 68.70 level and holding below it, reminding you that our next target is located at 71.50.
Expected trading range for today is between 68.00 support and 71.50 resistance.
Expected trend for today: Bullish
Crude oil price crawls downwards gradually on its way towards the first correctional target at 62.80, to keep the bearish trend scenario valid in the upcoming period, reminding you that breaking the mentioned level will push the price towards 61.50 as a next station.
On the other hand, we should note that breaching 64.15 followed by 64.70 levels will stop the current bearish correction and lead the price to regain the main bullish trend again.
Expected trading range for today is between 62.50 support and 64.70 resistance.
Expected trend for today: Bearish temporarily