The NZDUSD pair begins today’s trading with a clear negativity to break 0.6340 level and attempts to settle below it, which supports the continuation of our bearish trend expectations, motivated by stochastic negativity that appears clearly on the four hours time frame, waiting for targeting 0.6285 then 0.6205 levels that represents our next main stations.
The EMA50 supports the expected decline, which will remain valid conditioned by holding below 0.6340 level.
The expected trading range for today is between 0.6260 support and 0.6380
The expected trend for today: Bearish
The AUDUSD pair tests the EMA50 now, waiting for surpassing this level to ease the price mission to achieve our negative targets that begin at 0.6825 and extend to 0.6755.
In general, we will keep preferring the bearish trend in the upcoming period unless breaching 0.6895 level and holding above it.
The expected trading range for today is between 0.6780 support and 0.6880
The expected trend for today: Bearish
Brent oil price hovers around the EMA50, and still stable below the key resistance 62.50, thus, our bearish overview will remain active for the upcoming period, which targets visiting 59.60 mainly.
We should note that breaching 62.50 and holding above it will stop the negative scenario and push the price to continue rising inside the bullish channel that appears on the chart, which has positive targets that begin at 64.25 and extend to 65.40.
The expected trading range for today is between 59.60 support and 62.50 resistance.
The expected trend for today: Bearish
Crude oil price shows sideways trades recently, moving near 57.40 level now, as it keeps its stability below this level, to keep the bearish trend scenario valid on the intraday and short term basis, waiting to head towards 56.00 followed by 54.60 levels as main targets.
Holding below 57.40 is important to continue the expected decline, as breaching it will motivate the price to achieve new gains that extend to 60.90 on the near term basis.
The expected trading range for today is between 55.00 support and 58.00 resistance.
The expected trend for today: Bearish