The NZDUSD pair shows sideways trading since morning and settles near the EMA50, waiting to break 0.6615 level to confirm extending the bearish wave towards our next target at 0.6500.
Therefore, we will keep our bearish overview for today conditioned by the price stability below 0.6705.
Expected trading range for today is betwenen 0.6550 support and 0.6705
Expected trend for today: Bearish
The AUDUSD pair’s rise stops at 0.7280 areas and begins to provide bearish rebound signals, to keep the bearish trend scenario valid in the upcoming sessions, supported by the negative pressure formed by the EMA50, which conditions holding below 0.7310 level, noting that our waited targets begin at 0.7200 and extend to 0.7075.
Expected trading range for today is between 0.7200 support and 0.7350
Expected trend for today: Bearish
Brent oil price trades positively since morning to gradually crawl towards our first target at 76.47, reinforcing the expectations of achieving more gains in the upcoming sessions, noting that breaching the mentioned level will extend the bullish wave to reach 78.00 as a next main station, while the price needs to hold above 74.00 to guarantee achieving the suggested targets.
Expected trading range for today is between 74.00 support and 76.47 resistance.
Expected trend for today: Bullish
Crude oil price continues to rise to move away from 68.06 level, which supports the continuation of our bullish overview efficiently for the rest of the day, supported by the EMA50 that carries the price from below, waitin to visit 69.44 level initially, reminding you that breaching it will push the price towards 70.82 as a next station, while holding above 68.06 represents key condition to continue the expected rise.
Expected trading range for today is between 66.70 support and 70.00 resistance.
Expected trend for today: Bullish