The USDCHF awaits more rise – Analysis - 08-06-2022
The USDCHF pair breached 0.9730 level clearly and settles above it, reinforcing the expectations of continuing the bullish trend, waiting to head towards 0.9860 that represents the next positive target.
Stochastic gathers the positive momentum to support the continuation of the expected bullish trend, which will remain valid conditioned by the price stability above 0.9730.
The expected trading range for today is between 0.9700 support and 0.9800 resistance.
The expected trend for today: Bullish
The NZDUSD approaches the main target – Analysis - 08-06-2022
The NZDUSD pair approached our main waited target at 0.6405 and bounced bullishly to test 0.6500 barrier, and it declines now to head towards resuming the expected bearish wave on the intraday basis, supported by stochastic and the EMA50 negativity, noting that breaking 0.6405 will extend the bearish wave to reach 0.6295 followed by 0.6210 areas.
Therefore, the negative scenario will remain valid unless breaching 0.6525 and holding above it.
The expected trading range for today is between 0.6400 support and 0.6500 resistance
The expected trend for today: Bearish
The AUDUSD faces solid support – Analysis - 08-06-2022
The AUDUSD pair found solid support at 0.7160, to rebound upwards clearly and retest the broken support of the bullish channel that appears on the chart, noticing that the price begins today with new decline affected by stochastic negativity, waiting to break 0.7160 to confirm extending the bearish wave towards 0.7100 areas.
In general, the bearish trend scenario will remain active unless the price rallied to breach 0.7265 and hold above it.
The expected trading range for today is between 0.7150 support and 0.7240 resistance
The expected trend for today: Bearish
Brent oil price rises again – Analysis - 08-06-2022
Brent oil price bounced upwards strongly after testing 118.00 barrier in the previous sessions, to head towards resuming the main bullish wave, approaching the first positive station at 121.30.
Therefore, we expect to witness more rise today, noting that breaking 117.85 will stop the positive scenario and press on the price to turn to decline and visit 115.10 areas before any new attempt to rise.
The expected trading range for today is between 118.00 support and 122.00 resistance.
The expected trend for today: Bullish