The NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price managed to touch our waited target at 0.6140$, and begins today with additional bullish bias to attempt to breach this level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, reminding you that our next target reaches 0.6228$.
• Moving above the EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6140$.

Expected Trading Range

The expected trading range for today is between 0.6100$ support and 0.6200$ resistance.

The AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price keeps its stability above 0.6728$ level, to support the continuation of the expected bullish trend for the upcoming period, and we believe that the way is open to achieve our next target at 0.6800$.
• Therefore, we are waiting for more rise on the intraday and short-term basis, supported by the EMA50, noting that breaking 0.6728$ will push the price to turn to decline and target 0.6640$ areas initially.

Expected Trading Range

The expected trading range for today is between 0.6710$ support and 0.6810$ resistance.

Brent Oil Price Analysis

Expected Scenario

• Brent oil price ended last Friday with clear negativity, breaking the bullish channel’s support line and starting bearish correction for the rise that started from 76.95$ areas, aiming to visit 85.80$ as a first negative target. Breaking this level represents the key to rally towards 84.10$ directly.
• Therefore, the bearish bias will be suggested for today, noting that breaching 87.80$ will stop the negative scenario and push the price to return to the bullish channel again.

Expected Trading Range

The expected trading range for today is between 85.00$ support and 88.00$ resistance.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price broke the bullish channel’s support line clearly and settled below it, to start bearish correction for the rise measured from 72.64$ to 84.68$, on its way to test 81.84$ initially, noting that breaking this level will push the price towards 80.08$ as a next correctional station.
• Therefore, we expect to witness more decline in the upcoming sessions, and breaking 82.75$ will ease the mission of achieving the suggested targets, while breaching 84.00$ will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.

Expected Trading Range

The expected trading range for today is between 81.00$ support and 84.00$ resistance.