The USDCHF pair attempted to breach 0.9345 level but it returned to settle below it, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the positive trades and surpass the mentioned level to open the way to head towards 0.9400 followed by 0.9470 levels.
Therefore, the bullish trend will remain valid and active for the upcoming period unless breaking 0.9265 and holding below it.
The expected trading range for today is between 0.9280 support and 0.9400 resistance.
The expected trend for today: Bullish
The NZDUSD pair succeded to achieve our waited target at 0.6875 and attempts to confirm breaking it, reinforcing the expectations of extending the bearish wave to target 0.6800 areas on the near term basis.
The EMA50 supports the expected decline, taking into consideration that failing to break the bearish channel’s support line might push the price to achieve intraday gains and test 0.6970 areas before any new attempt to decline.
The expected trading range for today is between 0.6820 support and 0.6910 resistance
The expected trend for today: Bearish
The AUDUSD pair shows more bearish bias to keep approaching the waited target at 0.7170, organized inside the bearish channel that appears on the chart, supported by the negative pressure formed by the EMA50, and we expect to extend the bearish wave to reach 0.7135 after breaking the previous level.
In general, we will continue to suggest the bearish trend for the upcoming period as long as 0.7260 level remains intact.
The expected trading range for today is between 0.7150 support and 0.7250 resistance
The expected trend for today: Bearish
Brent oil price settles at the key level 80.80, and we still waiting to get confirmation signal for the next trend, as we continue to monitor the price behavior according to the mentioned level to detect the next targets clearly.
Note that breaking the mentioned support will press on the price to return to the correctional bearish track that its next main target located at 77.70, while breaching 81.75 will push the price to achieve new gains that start at 83.45 and extend to 85.80.
The expected trading range for today is between 79.50 support and 82.50 resistance.
The expected trend for today: Neutral