The NZDUSD pair shows some bullish bias in attempt to approach our waited target at 0.6020, to keep the bullish trend scenario active on the intraday basis, supported by stochastic positivity.
The EMA50 supports the expected rise, which will remain valid unless breaking 0.5900 and holding with a daily close below it.
The expected trading range for today is between 0.5930 support and 0.6020 resistance
The expected trend for today: Bullish
The AUDUSD pair fluctuates at the key support 0.6400 and keeps its stability above it until now, accompanied by witnessing clear positive signals through stochastic now, which supports the chances of resuming the positive trades to head towards achieving our main waited target at 0.6545.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 0.6400 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 0.6380 support and 0.6480 resistance
The expected trend for today: Bullish
Brent oil price managed to touch our first waited target at 92.74 and settles near it, and we suggest breaking this level to activate the negative effect of the double top pattern that appears on the chart followed by rallying towards our next correctional target that reaches 90.70.
Therefore, we are waiting for more expected decline on the intraday and short term basis, noting that breaching 94.20 will stop the suggested negative scenario and push the price to attempt to return to the main bullish track again.
The expected trading range for today is between 91.30 support and 94.40 resistance.
The expected trend for today: Bearish
Crude oil price reached the thresholds of the first waited target at 89.35, fluctuating around the EMA50 now, waiting to resume the negative trades to break the mentioned level and open the way to achieve more bearish correction, reminding you that the next target reaches 87.16.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, taking into consideration that breaching 91.10 will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 88.30 support and 91.20 resistance.
The expected trend for today: Bearish