The NZDUSD pair shows bearish bias now to hint the price head to resume the expected bearish trend on the intraday and short term basis, to keep the bearish trend scenario valid in the upcoming period, and the way is open to test 0.6340 that represents the first target, noting that breaking this level will push the price towards 0.6285 followed by 0.6205 levels as next main stations, while holding below 0.6426 represents key condition to achieve the suggested targets.
The expected trading range for today is between 0.6320 support and 0.6440
The expected trend for today: Bearish
The AUDUSD pair begins new attempts to surpass the EMA50 now, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which targets 0.6825 followed by 0.6755 levels as next main stations, reminding you that the continuation of the expected decline requires holding below 0.6895.
The expected trading range for today is between 0.6780 support and 0.6880
The expected trend for today: Bearish
Brent oil price shows more decline to approach 60.50 level, and as we mentioned this morning, the price needs to break this level to reinforce the expectations of continuing the bearish trend, which targets 59.60 level mainly, noting that achieving the waited targets requires holding below 62.50.
The expected trading range for today is between 59.60 support and 62.50 resistance.
The expected trend for today: Bearish
Crude oil price managed to surpass the EMA50 and settles below it now, which supports the continuation of our bearish overview efficiently for the rest of the day, waiting for more decline to visit 56.00 followed by 54.60 levels as next main stations, reminding you that the continuation of the expected bearish trend depends on the price stability below 57.40.
The expected trading range for today is between 55.00 support and 57.40 resistance.
The expected trend for today: Bearish