The USDCHF pair fluctuates within tight range since yesterday, and still stuck between the trend keys represented by 0.8605 support and 0.8670 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect its next destination clearly.

To review the details of the expected targets after the breach, please check our previous report for the USDCHF pair.

The expected trading range for today is between 0.8560 support and 0.8700 resistance.

The expected trend for today: Neutral

The NZDUSD pair found solid resistance at 0.6140 level, which forces the price to rebound bearishly to head towards potential test to 0.6070 in the upcoming sessions, which makes us suggest witnessing negative trades today, being aware that it is important to monitor the price at the mentioned level due to its importance to determine the next trend.

On the other hand, we should note that breaching 0.6140 will stop the expected decline and lead the price to resume the bullish track again.

The expected trading range for today is between 0.6050 support and 0.6150 resistance

The expected trend for today: Bearish

The AUDUSD pair opens today’s trading with clear negativity to attack 0.6570 and attempts to confirm breaking it, and by taking a deeper look at the chart, we find that the price completed forming rising wedge that makes us suggest the continuation of the bearish bias in the upcoming sessions, to head towards achieving negative targets that reach 0.6500.

Therefore, the bearish bias will be expected for today, supported by the negative pressure formed by the EMA50, noting that breaching 0.6580 will stop the expected decline and lead the price to attempt to rise again.

The expected trading range for today is between 0.6500 support and 0.6600 resistance

The expected trend for today: Bearish

Brent oil price managed to achieve our waited target at 81.00 and bounced upwards clearly from there, to test 83.00 barrier, noticing that the price begins to decline again to hint heading towards 81.00 again, threating the previously completed double bottom pattern that its signs appear on the chart.

Therefore, the bearish bias will be suggested for today, noting that breaking this level will push the price to suffer additional losses that reach 79.35 as a next negative station, while breaching 83.87 will stop the expected decline and lead the price to resume the bullish track that its next target reaches 86.74.

The expected trading range for today is between 80.70 support and 83.60 resistance.

The expected trend for today: Bearish