The NZDUSD pair settles above 0.5940 level, to keep the bullish trend scenario active on the intraday basis, reminding you that we are waiting to test 0.6020 level mainly.

Stochastic current negativity might cause some sideways fluctuation before resuming the expected rise, noting that breaking 0.5900 level will stop the bullish trend and push the price to turn to decline.

The expected trading range for today is between 0.5910 support and 0.6010 resistance

The expected trend for today: Bullish

The AUDUSD pair shows some of the bearish bias moves with the opening of today’s trading, affected by stochastic negativity, and it might test the critical support at 0.6400 before the return to the upside again.

Until now, the bullish trend scenario remains active unless breaking the mentioned support and holding with a daily close below it, reminding you that our neat main target is located at 0.6545.

The expected trading range for today is between 0.6380 support and 0.6470 resistance

The expected trend for today: Bullish

Brent oil price bounced lower clearly after approaching from the waited initial positive target at 94.80, to test 92.74 support level again, noticing that the price forms a negative technical combination that we expect to put the price under the bearish correctional pressure again, and the targets begin by breaking the mentioned support against the rally towards 90.70.

Therefore, the bearish trend will be preferred in the upcoming sessions, being aware that breaching 94.40 will stop the suggested bearish scenario and pushes the price to regain the main bullish trend.

The expected trading range for today is between 91.60 support and 94.60 resistance.

The expected trend for today: Bearish

Crude oil price managed to hit our waited initial target at 91.45, noticing that the price couldn’t continue the upside moves, to record a low top and provides signals for potential return to the bearish correctional track, waiting for testing 89.35 level initially, pointing that breaking this level will push the price towards 87.16 level as a next correctional target.

Therefore, we expect witnessing negative trading in the upcoming sessions, taking into consideration that breaching 91.45 will stop the expected decline and leads the price to resume the main bullish trend.

The expected trading range for today is between 88.80 support and 91.70 resistance.

The expected trend for today: Bearish