NZD/USD Price Analysis

Expected Scenario

• The NZD/USD price rebounds bearishly after testing 0.6000$ level in the previous sessions, to support the continuation of the expected negative scenario for today, which depends on the price stability below the mentioned level, and we believe that the way is open to achieve our waited target at 0.5915$, noting that breaking this level will extend the bearish wave to reach 0.5850$ as a next negative station.

Expected Trading Range

Between 0.5945$ support and 0.6040$ resistance.

AUD/USD Price Analysis

Expected Scenario

• The AUD/USD price resumes its negative trades to attack 0.6500$ level and attempts to hold below it, reinforcing the expectations of continuing the bearish trend on the intraday basis, to head towards visiting 0.6410$ level that represent our next target, reminding you that the continuation of the bearish wave conditions the price stability below 0.6570$.

Expected Trading Range

Between 0.6480$ support and 0.6585$ resistance.

Brent Oil Price Analysis

Expected Scenario

• Brent oil price trades with clear positivity now to reach the thresholds of the first waited target at 91.30$, noting that we expect the continuation of the bullish trend domination to achieve gains that reach 93.70$, supported by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 89.75$.

Expected Trading Range

Between 89.30$ support and 92.40$ resistance.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price resumes its positive trading to move away from 86.00$ barrier, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to visit 87.75$ followed by 89.05$ levels that represent our next main targets.
• The EMA50 keeps supporting the suggested bullish wave, reminding you that it is important to hold above 85.45$ to achieve the waited targets.

Expected Trading Range

Between 84.60$ support and 87.60$ resistance.