The NZDUSD price ended yesterday above the bearish channel’s resistance line, to confirm the beginning of the bullish correction for the decline measured from 0.6378$ to 0.5540$ and head towards achieving positive targets that start by testing 0.5738$ level.

Moving above the EMA50 supports the expected bullish trend, which will remain valid unless breaking 0.5595$ and holding above it.

The expected trading range for today is between 0.5610$ support and 0.5710$ resistance

Trend forecast: Bullish

The AUDUSD price retested the breached resistance of the bearish channel and kept its stability above it, to support starting bullish correction for the bearish wave that appears on the chart, reminding you that the first target is located at 0.6322$.

Therefore, we are waiting for new positive trades in the upcoming sessions, noting that breaking 0.6210$ will stop the positive scenario and push the price to return to the main bearish track again.

The expected trading range for today is between 0.6200$ support and 0.6300$ resistance

Trend forecast: Bullish

Brent oil price shows positive trades by today’s open, affected by stochastic positivity, noticing that the price closed yesterday below 80.10$ level, to support the chances of continuing the decline on the intraday basis, as it starts bearish correction for the rise measured from 71.23$ to 82.82$, waiting to head towards 78.39$ as a next correctional target.

Holding below 80.85$ keeps the negative scenario valid, as breaching it represents the key to return to the bullish track and head to achieve gains that start by visiting the recently recorded high at 82.82$.

The expected trading range for today is between 78.60$ support and 81.60$ resistance.

Trend forecast: Bearish

Crude oil price found solid support at the first correctional level at 77.53$, to start providing positive trades by today’s open, but we will depend on the last daily candlestick below this level to suggest the continuation of the correctional bearish trend on the intraday basis, waiting to visit 75.53$ as a next negative target.

Therefore, we are waiting for negative trades in the upcoming sessions, noting that breaching 78.25$ will stop the bearish wave and lead the price to resume the main bullish trend again.

The expected trading range for today is between 76.30$ support and 79.30$ resistance

Trend forecast: Bearish