The NZDUSD price couldn’t manage to break 0.5540$, to trade with clear positivity and head towards achieving some bullish correction, noting that the main expected target is located at 0.5738$.

Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 0.5540$ will stop the bullish trend and push the price to return to the main bearish track again.

The expected trading range for today is between 0.5570$ support and 0.5670$ resistance

Trend forecast: Bullish

The AUDUSD price bounced upwards clearly after finding solid support at 0.6130$, to head towards achieving expected gains on the intraday basis, targeting testing 0.6320$ again.

Therefore, the bullish bias will be suggested for the upcoming sessions, noting that breaking 0.6130$ will stop the bullish wave and push the price to resume the main bearish trend again.

The expected trading range for today is between 0.6160$ support and 0.6260$ resistance

Trend forecast: Bullish

Brent oil price broke 77.05$ level clearly and declined strongly to reach the thresholds of 75.66$ level, and by taking a deeper look at the chart, we find that the price completes forming head and shoulders’ pattern that its confirmation line located at 76.00$, which means that breaking this level will put the price under additional negative pressure that we expect to push the price to suffer new losses that start by visiting 74.00$ areas and extend to 72.50$.

Therefore, we expect the domination of the bearish trend on the upcoming trades, taking into consideration that breaching 77.05$ will stop the current bearish wave and lead the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 74.50$ support and 77.50$ resistance.

Trend forecast: Bearish

Crude oil price confirmed breaking 73.90$ level and continue the decline to approach the waited negative target at 72.30$, and the way seems open to continue the decline and surpass this level to open the way to achieve additional negative targets that extend to 70.30$.

Therefore, the bearish trend will be suggested for the upcoming sessions, noting that breaching 73.90$ will stop the current negative pressure and lead the price to recover again, to head towards testing 75.50$ mainly.

The expected trading range for today is between 71.00$ support and 74.00$ resistance

Trend forecast: Bearish