The NZDUSD pair resumes its positive trading to move away from the EMA50, which supports the continuation of our bullish overview for the rest of the day, which targets 0.6705 followed by 0.6788 levels as next main stations, reminding you that the continuation of the expected rise depends on the price stability above 0.6580.
The expected trading range for today is between 0.6580 support and 0.6720
The expected trend for today: Bullish
The AUDUSD pair fluctuates around the EMA50, and stochastic continues to provide the negative signals, to keep our bearish overview that its next target located at 0.6964, reminding you that it is important to hold below 0.7170 to continue the expected decline.
The expected trading range for today is between 0.7020 support and 0.7140
The expected trend for today: Bearish
Brent oil price fluctuates positively to approach the first key resistance 42.45, and as we mentioned this morning, the price needs to hold below this level and below 43.30 to keep the bearish trend scenario active for the upcoming period, as breaching it will push the price to resume the main bullish trend again, while the main target of the suggested bearish wave is located at 40.23.
The expected trading range for today is between 40.00 support and 42.45 resistance.
The expected trend for today: Bearish
Crude oil price shows some bullish bias now affected by stochastic positivity, while the EMA50 forms negative pressure against the price, to keep the bearish trend scenario valid and active for the upcoming period, which targets 39.30 followed by 38.10 levels mainly, reminding you that it is important to hold below 41.10 to continue the suggested decline.
The expected trading range for today is between 38.10 support and 41.00 resistance.
The expected trend for today: Bearish