The USDCHF exits the bearish channel – Analysis - 25-01-2023
The USDCHF pair traded with strong positivity yesterday to breach the bearish channel’s resistance and settles above it, to head towards building expected correctional bullish wave in the upcoming sessions, targeting 0.9335 areas initially.
Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 0.9195 will stop the expected rise and press on the price to resume the main bearish trend again.
The expected trading range for today is between 0.9160 support and 0.9300 resistance.
The expected trend for today: Bullish
The NZDUSD faces solid resistance – Analysis - 25-01-2023
The NZDUSD pair finds difficulty to surpass 0.6510 level, to show sideways trades now, waiting to get positive momentum that assists to push the price to breach the mentioned level and open the way to head towards 0.6600 as a next target.
Therefore, our bullish overview will remain valid and active, noting that holding above 0.6430 is important to achieve the waited targets.
The expected trading range for today is between 0.6435 support and 0.6550 resistance
The expected trend for today: Bullish
The AUDUSD surpasses the target – Analysis - 25-01-2023
The AUDUSD pair rallied upwards strongly to surpass 0.7060 level and confirm the continuation of the bullish trend domination, and the way is open to achieve our new targets that start at 0.7135 and extend to 0.7200.
Therefore, we are waiting for more expected rise in the upcoming sessions conditioned by the price stability above 0.7040.
The expected trading range for today is between 0.7050 support and 0.7170 resistance
The expected trend for today: Bullish
Brent oil price breaks the support – Analysis - 25-01-2023
Brent oil price faced strong negative pressure yesterday to break the bullish channel’s support line and settles below it, which pushes the price to turn to decline on the intraday basis and heads towards achieving expected additional decline in the upcoming sessions, on its way to visit 85.10 level mainly.
Therefore, we expect to witness more bearish bias on the intraday basis unless the price managed to breach 86.90 and hold above it.
The expected trading range for today is between 85.00 support and 88.00 resistance.
The expected trend for today: Bearish