The USDCHF pair resumes its negative trading calmly to move away from 0.9200 level, reinforcing the expectations of continuing the bearish trend, supported by the negative pressure formed by the EMA50, which targets 0.9140 level as a next station, reminding you that holding below 0.9200 represents the first condition to continue the expected decline.
The expected trading range for today is between 0.9120 support and 0.9220 resistance.
The expected trend for today: Bearish
The NZDUSD pair faces solid resistance around 0.6830 level, noticing that stochastic provides positive signals now, waiting to motivate the price to breach this level and open the way to rally towards 0.6895 that represents our first positive target.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.6770 and holding below it.
The expected trading range for today is between 0.6770 support and 0.6870 resistance
The expected trend for today: Bullish
The AUDUSD pair keeps its stability above 72.05 level, to support the chances of continuing the bullish wave that targets 0.7275 level as a next station, noting that the bullish channel supports the chances of extending the correctional bullish wave to towards 0.7340.
Therefore, the bullish trend will remain suggested in the upcoming sessions unless breaking 0.7205 and holding below it.
The expected trading range for today is between 0.7180 support and 0.7290 resistance
The expected trend for today: Bullish
Brent oil price succeeded to achieve our waited target at 77.70 and breached it strongly to settle above it, which supports the chances of achieving more gains on the intraday and short term basis, affected by the double bottom pattern that appears on the chart, waiting to visit 80.80 as a next positive target.
The EMA50 supports the expected rise, noting that breaking 77.70 might press on the price to test 76.30 areas before any new attempt to rise.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bullish