The NZDUSD price shows more bearish bias that supports the expectations of continuing the bearish trend on the intraday and short-term basis, organized inside the bearish channel that has negative targets that surpass 0.5775$ to reach 0.5720$.

Therefore, we will continue to suggest the bearish trend for the upcoming period, reminding you that it is important to hold below 0.5915$ to achieve the waited targets.

The expected trading range for today is between 0.5810$ support and 0.5910$ resistance

Trend forecast: Bearish

The AUDUSD price provided new negative trades to reach the bearish channel’s support line that appears on the chart, and we suggest the continuation of the decline to achieve new negative targets that reach 0.6420$, supported by the negative pressure formed by the EMA50.

Holding below 0.6535$ is important to the continuation of the expected decline, as breaching it will lead the price to achieve intraday gains that reach the bearish channel’s resistance line around 0.6635$ before any new attempt to decline.

The expected trading range for today is between 0.6410$ support and 0.6610$ resistance

Trend forecast: Bearish

Brent oil price roses again to reach 73.40$ level, noticing that the price bounced bearishly to settle near 72.06$ again, as the technical indicators provide negative signals that push the price to achieve more expected decline in the upcoming sessions, waiting to break 72.06$ to confirm rallying towards 70.65$ that represent sour next negative target.

Therefore, the bearish trend will remain suggested for the upcoming period, noting that confirming breaching 72.75$ will lead the price to achieve new gains that reach 73.90$ before any new negative attempt.

The expected trading range for today is between 70.50$ support and 73.50$ resistance.

Trend forecast: Bearish

Crude oil price tested 68.64$ level, but we notice that the EMA50 forms good resistance against the price to force it to decline again, as it settles below this level now, which keeps the bearish trend scenario valid and active for the upcoming period, which targets 67.00$ followed by 65.50$ areas as next negative stations.

The bearish channel organizes the suggested bearish wave, while breaching 68.64$ followed by 69.00$ levels will stop the expected decline and push the price to achieve new gains that reach 70.58$.

The expected trading range for today is between 66.50$ support and 69.50$ resistance

Trend forecast: Bearish