The NZDUSD pair’s recent trades are confined between 0.5900 support and 0.5940 resistance, which makes us continue with our neutrality until the price manages to surpass one of these levels to manage to detect the next targets clearly.

We remind you that breaking the mentioned support will force the price to decline and begin bearish wave that targets 0.5700 areas mainly, while breaching the resistance will push the price to achieve gains that reach 0.6020 initially.

The expected trading range for today is between 0.5870 support and 0.5990 resistance

The expected trend for today: Neutral

The AUDUSD pair attempted to break the key support 0.6400 but it couldn’t settle below it, to stuck between this support and 0.6440 resistance, which keeps our neutrality valid until now, waiting to surpass one of these levels to detect the next destination clearly.

Note that breaking the mentioned support will put the price under negative pressure that targets 0.6300 areas initially, while breaching the resistance represents the key to recover and achieve gains that reach 0.6545 on the near-term basis.

The expected trading range for today is between 0.6360 support and 0.6480 resistance

The expected trend for today: Neutral

Brent oil price bounced upwards strongly yesterday after the attempt to break 92.74 level, to reach 94.65 areas, which leads the price to turn to rise and head to resume the main bullish trend again, and we expect to target 94.80 followed by 96.05 levels in the upcoming sessions.

Therefore, the bullish trend will be suggested for today, supported by the positivity of the technical indicators, taking into consideration that breaking 92.74 will stop the expected rise and push the price to return to the correctional bearish track.

The expected trading range for today is between 92.74 support and 95.70 resistance.

The expected trend for today: Bullish

Crude oil price didn’t hold for long time below 89.35, to rally upwards strongly and surpass 90.15 level and settles above it, which stops the negative scenario suggested yesterday and lead the price to attempt to regain the main bullish trend again, on its way to achieve positive targets that start at 91.45 and extend to the recently recorded high at 92.92 as next main stations.

Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that breaking 89.35 will stop the expected bullish trend and put the price under the correctional bearish pressure again.

The expected trading range for today is between 89.50 support and 92.50 resistance.

The expected trend for today: Bullish