The NZDUSD price didn’t show any strong move yesterday, to continue fluctuating near 0.6070$, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, noting that our targets begin at 0.6140$ and extend to 0.6228$ after surpassing the previous level.

The expected trading range for today is between 0.6050$ support and 0.6150$ resistance

Trend forecast: Bullish

The AUDUSD price provided additional negative trades yesterday to approach 0.6697$ support line, and returns to attempt to recover and rise calmly, to move within sideways track between the mentioned support and 0.6744$ resistance, to suggest the sideways move on the intraday basis until the price manages to surpass one of these levels to detect the next targets clearly.

Breaking the mentioned support will put the price under additional negative pressure that its next target reaches 0.6622$, while breaching the resistance represents the key to build bullish wave that its targets begin at 0.6781$ and extend to 0.6819$.

The expected trading range for today is between 0.6660$ support and 0.6790$ resistance

Trend forecast: Sideways

Brent oil price faced strong negative pressure by yesterday’s close, to break 76.84$ and reach 75.36$ level, and begins to press on this level to witness signs of double top pattern that we expect to push the price to suffer more losses in the upcoming sessions, on its way to visit 73.90$ as a next negative station.

Therefore, the bearish trend will be suggested for today, taking into consideration that the consolidation of 75.36$ level against the current negative pressure will lead the price to recover and attempt to achieve intraday gains that start by testing 76.84$ areas.

The expected trading range for today is between 73.70$ support and 76.70$ resistance.

Trend forecast: Bearish

Crude oil price ended yesterday with strong negativity, as it broke 73.70$ level to reach 72.15$ level direct, noticing that the price begins today with more decline to break this level and settle below it, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that we expect to cause more decline in the upcoming sessions, to head towards visiting 70.58$ followed by 68.65$ levels as next negative targets.

Therefore, we expect the continuation of the bearish trend on the intraday basis, noting that breaching 72.15$ will stop the current negative pressure and lead the price to recover again.

The expected trading range for today is between 70.00$ support and 73.00$ resistance

Trend forecast: Bearish