The NZDUSD pair trades with clear positivity to test the EMA50, and as long as the price is below 0.6426, our bearish overview will remain valid for today, and the price needs to break 0.6340 to confirm rallying towards 0.6285 followed by 0.6205 levels that represent our next main targets.
The expected trading range for today is between 0.6285 support and 0.6380
The expected trend for today: Bearish
The AUDUSD pair shows positive trades to move above 0.6895 level, which hints the price head to regain the bullish track again, noting that holding above this level will push the price to achieve positive targets that reach 0.7015, while trading below it again will press on the price to head towards 0.6825 followed by 0.6755 levels on the near term basis.
The expected trading range for today is between 0.6800 support and 0.6930
The expected trend for today: Bearish
Brent oil price trades positively now to reach 62.50 level, and as we mentioned in our recent reports, the price needs ot hold below this level to keep the bearish trend scenario valid for the upcoming period, waiting to get enough negative motive to push the price to rebound bearishly and head towards 59.60 that represents our next main target.
The expected trading range for today is between 59.60 support and 62.50 resistance.
The expected trend for today: Bearish
Crude oil price shows new positive trades to approach testing 57.40 level, which urges caution from the upcoming trading, as the continuation of the bullish bias and breaching this level will stop the intraday bearish scenario and push the price to achieve additional gains that extend to 60.92, while the price needs to break 56.00 to ease the mission of heading towards the main expected target of the bearish wave at 54.60.
The expected trading range for today is between 54.60 support and 57.40 resistance.
The expected trend for today: Bearish