The USDCHF attempts to recover – Analysis - 06-01-2022
The USDCHF pair shows some bullish bias to test the resistance line that appears on the chart, and as long as the price is below 0.9200, our bearish overview will remain valid and active for the upcoming period, reminding you that we are waiting to break 0.9140 to confirm opening the way to visit 0.9060 as a next negative target.
The expected trading range for today is between 0.9100 support and 0.9220 resistance.
The expected trend for today: Bearish
The NZDUSD breaks the support – Analysis - 06-01-2022
The NZDUSD pair broke 0.6780 level clearly by today’s open, to activate the negative scenario on the intraday basis, on its way to visit 0.6700 as a first negative station.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 0.6820 will stop the expected decline and lead the price to start intraday recovery attempts.
The expected trading range for today is between 0.6700 support and 0.6800 resistance
The expected trend for today: Bearish
The AUDUSD is satisfied with the first target – Analysis - 06-01-2022
The AUDUSD pair touched our first waited target at 0.7275 and bounced downwards strongly from there, to break 0.7205 and open the way to return to the main bearish track, to stop the bullish correction that dominated the recent trades and head to achieve negative targets that start at 0.7125 and extend to 0.7000.
Therefore, the bearish bias will be suggested for the upcoming period unless the price rallied to breach 0.7205 followed by 0.7275 levels and hold above them.
The expected trading range for today is between 0.7110 support and 0.7225 resistance
The expected trend for today: Bearish
Brent oil price hits the first target – Analysis - 06-01-2022
Brent oil price touched our first waited target at 80.80 and bounced bearishly from there, to test the bullish channel’s support line now, waiting to resume the bullish wave that its targets extend to 81.90 after surpassing the previous level.
The EMA50 continues to support the expected rise, noting that breaking 79.10 will press on the price to achieve additional decline and test 77.70 areas before any new attempt to rise.
The expected trading range for today is between 78.00 support and 81.00 resistance.
The expected trend for today: Bullish