NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price couldn’t manage to breach 0.6140$, to rebound bearishly and start a bearish wave that we expect to target 0.6070$, making the bearish bias suggested in the upcoming sessions.
• Holding below 0.6140$ keeps the expected decline valid, as breaching it represents the key to rally to achieve new gains that reach 0.6228$ on the near-term basis.

Expected Trading Range

Between 0.6060$ support and 0.6160$ resistance.

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price is testing the key support base 0.6728$ and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 0.6800$ as a next station.
• The EMA50 continues to support the suggested bullish wave, reminding you that it is important to hold above 0.6728$ to achieve the waited targets.

Expected Trading Range

Between 0.6690$ support and 0.6790$ resistance.

Brent Oil Price Analysis

Expected Scenario

• Brent oil price reaches our first waited target at 85.80$ now, which represents 23.6% Fibonacci correction level for the rise measured from 76.95$ to 88.53$, which means that breaking it will push the price towards 84.10$ direct.
• The EMA50 forms negative pressure against the price to support the chances of continuing the bearish trend in the upcoming sessions, to continue suggesting the bearish bias unless breaching 86.75$ and holding above it.

Expected Trading Range

Between 84.20$ support and 87.20$ resistance.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price continues to decline to approach our first waited target at 81.84$, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that has negative targets that surpass the mentioned level to reach 80.08$ as a next negative station.
• Therefore, we expect to witness more decline in the upcoming sessions, supported by moving below the EMA50, noting that breaching 82.75$ will stop the current correctional bearish scenario and lead the price to start recovery attempts to return to the main bullish trend again.

Expected Trading Range

Between 80.30$ support and 83.40$ resistance.