The NZDUSD price didn’t show any strong move yesterday, as it fluctuates within tight range below 0.6070$, thus, no change to the expected bearish trend scenario on the intraday basis, which depends on the price stability below the mentioned level, supported by the EMA50 that presses negatively on the price, reminding you that our main waited target is located at 0.6000$.

The expected trading range for today is between 0.6000$ support and 0.6100$ resistance

Trend forecast: Bearish

The AUDUSD price begins today positively to attempt to confirm breaching 0.6697$ level, which hints heading to recover on the intraday basis, targeting testing 0.6744$ initially.

Therefore, we expect to witness positive trades in the upcoming sessions, taking into consideration that failing to consolidate above 0.6697$ will put the price under new negative pressure that its next target reaches 0.6622$.

The expected trading range for today is between 0.6660$ support and 0.6760$ resistance

Trend forecast: Bullish

Brent oil price returns to rise after testing 73.90$ level in the previous sessions, to approach the key resistance 75.36$, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, and the price needs to break 73.9$ to confirm extending the bearish wave towards 72.06$.

On the other hand, we should note that breaching 75.36$ followed by 75.60$ will stop the bearish trend and lead the price to rise again.

The expected trading range for today is between 73.00$ support and 76.00$ resistance

Trend forecast: Bearish

Crude oil price continues to fluctuate around 70.58$ level, while the negative effect of the double top pattern still active, as we depend on it to continue suggesting the bearish trend for the upcoming period, noting that we are waiting to visit 68.60$ as a next main target.

On the other hand, we should note that breaching 72.15$ will stop the negative scenario and lead the price to attempt to regain the bullish trend again, to head towards testing 73.71$ initially.

The expected trading range for today is between 69.00$ support and 72.00$ resistance

Trend forecast: Bearish