The NZDUSD pair succeeded to reach our waited target at 0.6073, showing bearish rebound after touching the bullish channel’s resistance that appears on the chart, on its way to test 0.5958 before turning back to rise again.

The EMA50 provides positive support to the price, to suggest the continuation of the bullish trend for the upcoming period unless breaking 0.5958 followed by 0.5905 levels and holding below them, noting that breaching 0.6073 will push the price to 0.6216 as a next main station.

The expected trading range for today is between 0.5940 support and 0.6130

The expected trend for today: Bullish

The AUDUSD pair resumed its positive trading to breach 0.6097 level and settles above it, while starting today with slight decline to approach testing the support base formed at the mentioned level, waiting to resume the bullish bias to visit 0.6236 level that represents our next positive target.

Therefore, we will continue  to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, noting that the continuation of the bullish wave conditions holding above 0.6097 and the most important above 0.5958.

The expected trading range for today is between 0.6060 support and 0.6236

The expected trend for today: Bullish

Brent oil price broke 28.30 level strongly and settled below it, opening today with bearish gap that puts the price below 27.10 level, which confirms the turn to decline, on its way to achieve more negative targets that reach the recently recorded low at 25.84, noting that surpassing this level will push the price to 24.70 level as a next negative target.

Therefore, the bearish trend will be dominant in the upcoming sessions unless the price rallied to breach 28.90 level and hold above it.

The expected trading range for today is between 24.70 support and 28.30 resistance.

The expected trend for today: Bearish

Crude oil price confirmed breaking 23.50 level, starting today with additional decline that puts the price around 22.00$ level, which supports the chances of resuming the main bearish trend, which targets 20.00 barrier as a next negative station.

The EMA50 presses negatively on the price to support the expectations to decline, taking into consideration that breaching 22.80 followed by 23.70 levels will stop the negative scenario and leads the price to recover again.

The expected trading range for today is between 20.00 support and 23.70 resistance.

The expected trend for today: Bearish