The USDCHF pair shows calm bullish bias to crawl towards the key resistance 0.9265, waiting to breach this level to confirm the continuation fo the expected bullish trend for the upcoming period, which targets 0.9345 as a next station.
Therefore, the bullish trend will remain suggested on the intraday and short term basis, supported by the EMA50, reminding you that it is important to hold above 0.9200 to achieve the waited targets.
The expected trading range for today is between 0.9200 support and 0.9320 resistance.
The expected trend for today: Bullish
The NZDUSD pair found solid support at 0.6990, to show some bullish bias and test the initial resistance 0.7030, waiting to resume the negative trades to break the mentioned support and confirm the continuation of the correctional bearish wave, which its next target located at 0.6945.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.7084.
The expected trading range for today is between 0.6960 support and 0.7070 resistance
The expected trend for today: Bearish
The AUDUSD pair bounced bullishly after approaching 0.7225 level, to test the EMA50 now, affected by stochastic positivity, waiting to get negative momentum that assist to push the price to break the mentioned support and open the way to head towards 0.7100.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7375 and holding above it.
The expected trading range for today is between 0.7210 support and 0.7335 resistance
The expected trend for today: Overall bearish
Brent oil price rallied upwards strongly by today’s open to succeed reaching our waited target at 79.50, showing some slight bearish bias now affected by stochastic negativity, while the overall bullish trend still valid for the upcoming period, expecting to head towards 82.20 as a next main target.
Therefore, the bullish bias will remain suggested conditioned by the price stability above 77.80, as breaking this level might press on the price to test 76.25 areas before any new attempt to rise.
The expected trading range for today is between 77.50 support and 80.60 resistance.
The expected trend for today: Bullish