The USDCHF pair attempted to breach 0.9265 yesterday and returns to fluctuate around it, noticing that the EMA50 continues to support the price from below, to reinforce the chances of continuing the rise in the upcoming sessions, which its next main target located at 0.9345.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, supported by stochastic getting rid of the negative momentum, noting that holding above 0.9200 is required to continue the expected rise.
The expected trading range for today is between 0.9230 support and 0.9320 resistance.
The expected trend for today: Bullish
The NZDUSD pair continues to fluctuate at 0.6990 level without managing to break it, waiting to get negative motive to confirm the break and head towards our next target at 0.6945.
In general, we will continue to suggest the correctional bearish trend unless the price rallied to breach 0.7084 and hold above it.
The expected trading range for today is between 0.6960 support and 0.7070 resistance
The expected trend for today: Bearish
The AUDUSD pair opens today’s trading with new positivity to surpass the EMA50, on its way for potential test to 0.7375 level, and as long as the price is below this level, the bearish trend will remain valid for the upcoming period, which its targets begin by testing 0.7225.
We should note that breaching 0.7375 will stop the suggested negative scenario and lead the price to turn to rise.
The expected trading range for today is between 0.7230 support and 0.7340 resistance
The expected trend for today: Overall bearish
Brent oil price resumes its positive trading strongly by today’s open to breach 80.00$ barrier and confirms opening the way to achieve more gains on the intraday and short term basis, waiting to head towards 82.20 that represents our next main target.
The EMA50 continues to support the suggested bullish wave, which moves organized inside the bullish channel that appears on the chart, while holding above 77.80 is important to achieve the expected targets.
The expected trading range for today is between 79.00 support and 81.90 resistance.
The expected trend for today: Bullish