The USDCHF pair provided more positive trades to reach few pips away from our first waited target at 0.9375, noticing that the EMA50 continues to support the price from below, while stochastic reaches the oversold areas.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, noting that breaching 0.9375 will push the price to head towards 0.9494 areas as a next main station, while the expected rise will remain valid conditioned by the price stability above 0.9318.
The expected trading range for today is between 0.9300 support and 0.9420 resistance.
The expected trend for today: Bullish
The NZDUSD pair keeps its stability below 0.7000, which keeps our bearish overview valid for today, waiting to visit 0.6895 that represents our next target.
Stochastic begins to lose the positive momentum, waiting to motivate the price to resume the expected bearish trend, noting that holding below 0.7000 is important to achieve the waited targets.
The expected trading range for today is between 0.6910 support and 0.7040 resistance
The expected trend for today: Bearish
The AUDUSD pair settles below 0.7615 level, to keep the negative pressure valid for the upcoming period, waiting to head towards 0.7500 that represents our next station.
The EM50 supports the expected decline, which will remain valid conditioned by the price stability below 0.7615.
The expected trading range for today is between 0.7540 support and 0.7650 resistance
The expected trend for today: Bearish
Brent oil price touched 64.50 level and begins to rebound bearishly from there, noticing that stochastic and the EMA50 provide clear negative signals, while the price moves within intraday bearish channel that appears on the chart.
Therefore, these factors encourage us to suggest the bearish trend for today, and the price needs to break 62.95 to confirm heading towards more negative targets that reach 60.40, noting that breaching 65.00 will stop the expected decline and lead the price to turn to rise again.
The expected trading range for today is between 61.50 support and 64.50 resistance.
The expected trend for today: Bearish