The USDCHF pair didn’t show any strong move in the previous sessions, to continue fluctuating around 0.8975, thus, no change to the expected bullish trend on the intraday basis, which its targets begin at 0.8995 and extend to 0.9050, while achieving it requires holding above 0.8890.
The expected trading range for today is between 0.8920 support and 0.9060 resistance.
The expected trend for today: Bullish
The NZDUSD pair confirmed breaching 0.5935 level to complete forming double bottom pattern that we are waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets testing 0.6020 as a next main station.
Therefore, the bullish trend scenario will remain valid and active on the intraday basis, reminding you that holding above 0.5900 represents major condition to continue the suggested rise.
The expected trading range for today is between 0.5900 support and 0.6000 resistance
The expected trend for today: Bullish
The AUDUSD pair settles around 0.6450 level since yesterday, and continues to move inside the intraday bullish channel that appears on the chart, waiting to get positive momentum that assist to push the price to resume the bullish trend that targets 0.6545 mainly.
Until now, the bullish trend scenario still active as long as 0.6400 levels remains intact, noting that the EMA50 supports the suggested bullish wave.
The expected trading range for today is between 0.6410 support and 0.6510 resistance
The expected trend for today: Bullish
Brent oil price’s rise stopped at 96.00$ barrier, to rebound downwards clearly and break the intraday bullish channel’s support line that appears on the chart, noticing that the price begins today with additional strong decline to confirm starting bearish correction for the rise measured from 82.00 to 96.05, waiting to visit 92.74 as a first station.
Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that breaching 94.10 will stop the current negative pressure and lead the price to attempt to resume the main bullish trend again.
The expected trading range for today is between 91.80 support and 94.90 resistance.
The expected trend for today: Bearish