The USDCHF achieves clear gains – Analysis - 04-01-2022
The USDCHF pair traded with strong positivity yesterday to test 0.9200 level, and begins to provide bearish rebound signals now, which supports the chances of resuming the expected bearish trend on the intraday basis, waiting to break 0.9140 to confirm opening the way to visit 0.9060 as a next negative target, noting that holding below 0.9200 is important to continue the expected decline.
The expected trading range for today is between 0.9120 support and 0.9220 resistance.
The expected trend for today: Bearish
The NZDUSD breaks the support – Analysis - 04-01-2022
The NZDUSD pair broke 0.6780 level strongly and closed the daily candlestick below it, to hint potential turn to decline, but it begins today with bullish bias affected by stochastic positivity, which makes us prefer to stay aside until we get clearer signal for the next trend.
Note that breaching 0.6830 will reactivate the correctional bullish scenario that targets 0.6895 level as a next positive station, while breaking 0.6780 and holding below it will press on the price to decline towards 0.6700 initially.
The expected trading range for today is between 0.6740 support and 0.6850 resistance
The expected trend for today: Neutral
The NZDUSD breaks the support – Analysis - 04-01-2022
The NZDUSD pair broke 0.6780 level strongly and closed the daily candlestick below it, to hint potential turn to decline, but it begins today with bullish bias affected by stochastic positivity, which makes us prefer to stay aside until we get clearer signal for the next trend.
Note that breaching 0.6830 will reactivate the correctional bullish scenario that targets 0.6895 level as a next positive station, while breaking 0.6780 and holding below it will press on the price to decline towards 0.6700 initially.
The expected trading range for today is between 0.6740 support and 0.6850 resistance
The expected trend for today: Neutral
The AUDUSD leans on the support – Analysis - 04-01-2022
The AUDUSD pair provided clear negative trades yesterday to test the bullish channel’s support line, and begins to rebound bullishly now, and according to the trading rules inside the channels, the price is on its way to achieve more rise that its targets begin by testing 0.7275.
Therefore, the bullish bias will be expected for today unless breaking 0.7185 and holding below it.
The expected trading range for today is between 0.7170 support and 0.7270 resistance
The expected trend for today: Bullish