The NZDUSD pair closed the last week trading below 0.6340 level, which supports the continuation of our bearish trend expectations efficiently in the upcoming period, keeping the negative scenario valid, in spite of the positive close that puts the price above the mentioned level temporarily.
Therefore, we are waiting for today’s negative trading to target 0.6285 then 0.6205 levels mainly, being aware that holding above 0.6340 might push the price to achieve an extra intraday gains before it return to decline again.
The expected trading range for today is between 0.6285 support and 0.6380
The expected trend for today: Bearish
The AUDUSD pair amanaged to confirm breaking the intraday bullish channel’s support, reinforcing the continuation of the expected bearish trend scenario on the intraday and short term basis, waiting for visiting 0.6825 then 0.755 levels as next main targets.
Surpassing the EMA50 will ease the mission of continuing the decline, while holding below 0.6895 represents an important condition for achieving the suggested targets.
The expected trading range for today is between 0.6800 support and 0.6900
The expected trend for today: Bearish
Brent oil price opens today’s trading negatively after the rise that it witnessed in the previous sessions, motivated by the negative signal that appears clearly through stochastic, waiting for more decline today, reminding you that the next main target is located at 59.60.
Holding below 62.50 is important to continue the expected decline, as breaching it will lead the price to achieve additional gains that extend to reach 64.00 followed by 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 made new test to 57.40 level and kept its stability below it, to start bouncing bearishly and move away from this level, which keeps the bearish trend scenario valid and active for the upcoming period, supported by stochastic negativity that appears on the four hours’ time frame, waiting to target 56.00 followed by 54.60 levels as next main stations.
We remind you that the continuation of the expected bearish trend conditions the stability of the daily close below 57.40.
The expected trading range for today is between 54.60 support and 58.00 resistance.
The expected trend for today: Bearish