The NZDUSD pair traded with clear positivity by today’s open, to approach our waited target at 0.7400, reinforcing the expectations of continuing the main bullish trend, which its targets extend to reach 0.7560 after surpassing the previous level.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 0.7315 and holding below it.

The expected trading range for today is between 0.7315 support and 0.7430 resistance

The expected trend for today: Bullish

The AUDUSD pair opens today’s trading positively in attempt to move away from 0.7900 barrier, to keep the bullish trend scenario active for the upcoming period, supported by stochastic positivity, waiting to visit 0.8000 as a next target.

Note that breaking 0.7875 will cause intraday turn to decline to test 0.7820 and might extend to 0.7750 areas before any new attempt to rise.

The expected trading range for today is between 0.7875 support and 0.8000 resistance

The expected trend for today: Bullish

Brent oil price tests the bullish channel’s support line and keeps its stability above it until now, accompanied by stochastic gather to the positive momentum gradually, while the EMA50 keeps supporting the price from below.

Therefore, the bullish trend will remain valid for the upcoming period, which its next target located at 67.45, noting that breaking 65.00 will press on the price to decline towards 62.90 before any new positive attempt.

The expected trading range for today is between 64.00 support and 67.00 resistance.

The expected trend for today: Bullish

Crude oil price bounced downwards clearly after reaching 63.00 barrier, to break the intraday bullish channel’s support line and settles below it, but we notice that stochastic got rid of its negative momentum to reach the oversold areas, while the EMA50 provides continuous positive support to the price.

Therefore, these factors encourage us to suggest the bullish trend for today, and the targets begin by breaching 62.30 to pave the way to head towards 65.60 that represents our next main station, noting that breaking 60.30 will stop the expected rise and press on the price to start correctional bearish wave that targets testing 58.60 areas before any new attempt to rise.

The expected trading range for today is between 60.00 support and 63.00 resistance.

The expected trend for today: Bullish