The USDCHF achieves more gains – Analysis - 15-06-2022
The USDCHF pair rallied upwards strongly yesterday and attempt to surpass 1.0000 barrier, to support the expectations of continuing the main bullish trend, which its next target located at 1.0064.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, noting that breaking 0.9965 will press on the price to decline and test 0.9860 areas before any new attempt to rise.
The expected trading range for today is between 0.9930 support and 1.0064 resistance.
The expected trend for today: Bullish
The NZDUSD hits the target – Analysis - 15-06-2022
The NZDUSD pair succeeded to achieve our waited target at 0.6210 and found solid support there, to head towards potential test to the intraday bearish channel’s resistance that appears on the chart, waiting to resume the main bearish wave that its next target extends to 0.6150 areas.
Therefore, we will continue to suggest the overall bearish trend, noting that breaching 0.6305 will lead the price to achieve intraday gains and test 0.6405 areas before any new attempt to decline.
The expected trading range for today is between 0.6170 support and 0.6280 resistance
The expected trend for today: Bearish
The AUDUSD suffers more losses – Analysis - 15-06-2022
The AUDUSD pair broke 0.6930 level strongly and rallied bearishly to approach our extended target at 0.6830, reinforcing the expectations of continuing the bearish trend, noting that the current rise is temporary, waiting to test the resistance line formed at the broken support followed by declining again towards 0.6830.
Note that breaching 0.6930 followed by 0.6995 will stop the expected decline and lead the price to start new recovery attempts on the intraday basis.
The expected trading range for today is between 0.6850 support and 0.6950 resistance
The expected trend for today: Bearish
Brent oil price breaks the support – Analysis - 15-06-2022
Brent oil price faced strong negative pressure yesterday to attack the bullish channel’s support line and confirms breaking it, which stops the recently suggested positive scenario and lead the price to turn to decline, as we expect to head to visit 115.10 areas on the near term basis.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 120.00 followed by 121.30 levels will stop the current negative scenario and push the price to rise again.
The expected trading range for today is between 116.00 support and 121.30 resistance.
The expected trend for today: Bearish