The NZDUSD price tested the EMA50 that forms good resistance against the price, waiting to resume the main bearish wave that targets 0.5550$ followed by 0.5460$ levels as main negative stations.

Therefore, we will continue to suggest the bearish trend for the upcoming period, which will remain valid unless the price rallied to breach 0.5665$ followed by 0.5700$ levels and holding above them.

The expected trading range for today is between 0.5560$ support and 0.5660$ resistance

Trend forecast: Bearish

The AUDUSD price opened today’s trading with slight rise to test the EMA50, while the main bearish trend scenario still valid on the intraday and short-term basis, organized inside the bearish channel that appears on the chart, waiting to visit 0.6140$ as a next main target.

On the other hand, we should note that breaching 0.6245$ will push the price to achieve intraday gains and test the bearish channel’s resistance around 0.6320$ before any new attempt to decline.

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

Trend forecast: Bearish

Brent oil price fluctuates around 76.84$ and attempts to breach it, waiting to get positive momentum that assist to push the price to confirm the breach and rally towards 78.00$ followed by 78.65$ levels that represent our next positive targets.

Therefore, the bullish trend will remain valid and active for the upcoming period, taking into consideration that failing to confirm the required breach and declining to break 76.05$ will stop the bullish wave and put the price under negative pressure that its targets begin by testing 75.36$ level.

The expected trading range for today is between 75.20$ support and 78.20$ resistance.

Trend forecast: Bullish

Crude oil price breached 73.70$ level clearly and closed the last daily candlestick above it, reinforcing the expectations of continuing the domination of the bullish trend on the intraday and short-term basis, opening the way to head towards 75.65$ that represents our next main target.

The EMA50 keeps supporting the price from below to reinforce the expectations of continuing the bullish trend, noting that breaking 73.70$ will stop the bullish wave and push the price to decline towards 72.15$ areas mainly.

The expected trading range for today is between 72.65$ support and 75.65$ resistance

Trend forecast: Bullish