The NZDUSD price traded with clear negativity in the previous sessions to reach few pips away from our waited target at 0.6140$, and begins to provide calm positive trades that hint heading to stop the bearish correction and resume the bullish trend again, on its way to achieve positive targets that start by testing 0.6228$ areas.

Therefore, we expect to witness bullish bias today, supported by the RSI positivity, taking into consideration that breaking 0.6140$ will stop the expected rise and push the price to suffer more losses on the intraday and short-term basis.

The expected trading range for today is between 0.6120$ support and 0.6220$ resistance

Trend forecast: Bullish

The AUDUSD price surpassed 0.6820$ level to reach our second negative target at 0.6780$, noticing that the price begins today positively in attempt to resume the bullish trend again, motivated by stochastic positivity.

Therefore, the bullish bias will be suggested for today, and the targets begin by breaching 0.6820$ to open the way to head towards 0.6866$ followed by 0.6900$ levels, noting that breaking 0.6780$ will push the price to achieve more bearish correction that its next target reaches 0.6744$.

The expected trading range for today is between 0.6760$ support and 0.6860$ resistance

Trend forecast: Bullish

Brent oil price achieved additional rise to touch our new waited target at 79.70$, but it faced negative pressures to settle below 78.47$, noticing that the price leans on the bullish channel’s support line and attempts to build new bullish wave, waiting to resume the positive trades in the upcoming sessions.

Stochastic shows positive signals that we are waiting to motivate the price to rise again, noting that the targets begin at 79.70$ and extend to 81.36$ after surpassing the previous level, while breaking 78.05$ will stop the expected rise and push the price to decline and test 76.68$ level before any new attempt to rise.

The expected trading range for today is between 77.00$ support and 80.20$ resistance.

Trend forecast: Bullish

Crude oil price attempted to breach 75.36$ but it couldn’t manage to hold above it, while the positive effect of the double bottom pattern that its signs appear on the chart still active, waiting to motivate the price to resume the bullish wave and achieve new positive targets that extend to 78.40$.

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that carries the price from below, noting that breaking 73.48$ will stop the positive scenario and push the price to turn to decline.

The expected trading range for today is between 73.20$ support and 76.20$ resistance

Trend forecast: Bullish