The NZDUSD pair begins today’s trading with clear positivity to test 0.6779 level, and as long as the price is below this level, the negative scenario will remain active for the upcoming period, supported by stochastic loss to the positive momentum clearly, besides the negative pressure formed by the EMA50, reminding you that our main waited target is located at 0.6673.
Expected trading range for today is betwenen 0.6670 support and 0.6830
Expected trend for today: Bearish
The AUDUSD pair tested 0.7425 level and still below it until now, noticing that stochastic shows overbought signals now, which supports the expectations of continuing the bearish trend in the upcoming sessions, which targets 0.7270 level as a first station, noting that breaching 0.7425 will push the price to test 0.7510 areas before any new attempt to decline.
Expected trading range for today is between 0.7310 support and 0.7473
Expected trend for today: Bearish
Brent oil price tested the key support 76.47 yesterday and bounced bullishly to settle above 78.00 barrier now, which supports the continuation of the bullish trend scenario on the intraday and short term basis, organized inside the bullish channel that appears on the chart, waiting to visit 80.48 level that represents our next main target.
The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 76.47.
Expected trading range for today is between 76.47 support and 80.00 resistance.
Expected trend for today: Bullish
Crude oil price opens today’s trading with clear positivity to attempt to surpass 75.00$ barrier after it kept its stability above the key support 72.89, which keeps our bullish overview valid until now, targeting the bullish channel’s resistance line that rises now to 76.35.
The EMA50 keeps supporting the bullish wave from below, noting that breaking 72.89 will stop the expected rise and push the price to start bearish correction on the intraday basis.
Expected trading range for today is between 73.50 support and 76.35 resistance.
Expected trend for today: Bullish