The NZDUSD pair resumed its negative trading clearly to approach our main waited target at 0.7185, noting that the price forms triple top pattern now, which means that breaking the mentioned level will extend the pair’s losses to reach 0.7107 followed by 0.7030 on the short term basis.

The EMA50 forms negative pressure that supports the chances of continuing the bearish trend in the upcoming period, to keep the bearish bias suggested on the intraday and short term basis unless the price managed to breach 0.7281 level and hold above it.

Expected trading range for today is between 0.7120 support and 0.7281

Expected trend for today: Bearish

The AUDUSD pair managed to surpass our first waited target at 0.7743 and settles below it, to resume its negative trading by today’s opening, paving the way to head towards our next target at  0.7650.

Therefore, the bearish trend will remain valid in the upcoming sessions unless the price managed to breach 0.7743 level and hold above it.

Expected trading range for today is between 0.7600 support and 0.7760

Expected trend for today: Bearish

Brent oil price rallied upwards clearly in the previous sessions to breach 65.40 level and reach 66.54 direct, witnessing signs of sideways rangat that appears on the chart, as we believe that we will witness sideways trades in the upcoming sessions, especially that stochastic provides negative signals now that we expect to push the price to decline.

Therefore, the sideways bias will be expect on the intraday basis until the price manages to surpass 64.00 support or 65.40 resistance, as breaking this support will push the price to visit 61.71 mainly, while breaching the resistance will lead the price to return to the main bullish trend that targets 67.68 followed by 69.08 levels initially.

Expected trading range for today is between 64.00 support and 67.00 resistance.

Expected trend for today: Sideways

Crude oil price achieved clear gains on last Friday to approach 62.65 level, showing some bearish bias now affected by stochastic negativity, which keeps the price confined within sideways range that appears on the chart, its lines represented by 60.14 support and 62.65 resistance.

Therefore, we suggest the domination of the sideways trading on the intraday basis until the price manages to breach one of the above mentioned levels, noting that breaching the resistance will push the price to regain the main bullish trend that its targets begin at 64.20 and extend to 66.70, while breaking the support will push the price to test 58.60 level direct.

Expected trading range for today is between 60.14 support and 63.50 resistance.

Expected trend for today: Sideways