The NZDUSD pair fluctuates around 0.5958 resistance, and the price breached the bearish trend line that appears on the chart, and by taking a deeper look at the chart, we find that the price draws an inverted head and shoulders’ pattern that its confirmation line located at the mentioned resistance, which means that breaching it will motivate the price to achieve gains that reach 0.6073.

Therefore, we believe that the chances valid to trade positively in the upcoming sessions, and breaching 0.5958 represents major condition to achieve the suggested rise, noting that breaking 0.5885 will cancel the suggested positive formation and press on the price to resume the main bearish track.

The expected trading range for today is between 0.5885 support and 0.6050

The expected trend for today: Bullish

The AUDUSD pair started today with bullish bias to breach 0.6097 level and attempts to hold above it, noticing that the price moves inside bullish channel that appears on the chart, which supports the chances of making more gains in the upcoming sessions, to return to the correctional bullish track that its next target located at 0.6236.

Therefore, the bullish bias will be suggested for the upcoming sessions, supported by moving above the EMA50, noting that breaking 0.6097 followed by 0.6035 levels will stop the expected rise and press on the price to decline again.

The expected trading range for today is between 0.6050 support and 0.6236

The expected trend for today: Bullish

Brent oil price leaned on 23.6% Fibonacci correction level for the rise from 24.54 to 34.95 and bounced upwards clearly from there, on its way to achieve more expected gains in the upcoming sessions, and the price needs to surpass the recorded top at 34.95 to confirm opening the way to achieve our main positive target at 36.00.

The EMA50 keeps supporting the suggested bullish wave, noting that breaking 32.50 will put the price under more negative pressure to head towards testing 31.00 before any new attempt to rise.

The expected trading range for today is between 32.50 support and 36.00 resistance.

The expected trend for today: Bullish

Crude oil price provided negative trades yesterday, as a bearish correction for the rise measured from 19.90 to 29.11, noticing that the price leaned on the bullish channel’s support line that appears on the chart to start bouncing bullishly from there, which supports the chances of resuming the bullish trend, waiting to head towards 30.00 that represents our next main target.

The EMA50 forms good support to protect the suggested positive scenario, noting that breaking 25.60 will stop the expected rise and press on the price to make more bearish correction.

The expected trading range for today is between 25.60 support and 29.10 resistance.

The expected trend for today: Bullish