The NZDUSD price opens today’s trading with clear positivity to reinforce the expectations of continuing the bullish trend on the intraday basis, on its way to test 0.5738$ as a next target, reminding you that breaching it will push the price to rally towards 0.5860$ as a next positive station.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.5630$ and holding below it.

The expected trading range for today is between 0.5660$ support and 0.5760$ resistance

Trend forecast: Bullish

The AUDUSD price opened today with clear positivity to touch our waited target at 0.6322$, which represents 23.6% Fibonacci correction level for the decline from 0.6942$ to 0.6130$, which means that breaching it will push the price to visit the next correctional level at 0.6440$.

The EMA50 supports the price from below to reinforce the chances of continuing the rise in the upcoming sessions, taking into consideration that failing to breach 0.6322$ will push the price to rebound bearishly and start bearish wave that targets 0.6235$ areas initially.

The expected trading range for today is between 0.6270$ support and 0.6370$ resistance

Trend forecast: Bullish

Brent oil price traded with strong negativity yesterday to surpass our first waited target at 78.39$ and settles below it, opening the way to head towards achieving more bearish correction in the upcoming sessions, reminding you that our next target is located at 77.05$.

The EMA50 supports the suggested bearish wave, noting that holding below 78.39$ represents the first condition to the continuation of the expected bearish trend.

The expected trading range for today is between 76.50$ support and 79.50$ resistance.

Trend forecast: Bearish

Crude oil price succeeded to achieve our first waited target at 75.53$, noticing that the price closed the last daily candlestick below it, reinforcing the expectations of continuing the domination of the bearish correction to head towards visiting 73.90$ as a next main target.

Therefore, we will continue to suggest the bearish trend for the upcoming period, affected by the head and shoulders’ pattern that appears on the chart, taking into consideration that breaching 75.53$ and holding above it might push the price to start recovery attempts and achieve intraday gains that target testing 76.90$ followed by 77.53$ areas before any new attempt to decline.

The expected trading range for today is between 73.70$ support and 76.70$ resistance

Trend forecast: Bearish