The USDCHF pair broke the main bullish channel’s support line clearly, to decline towards 0.9350 areas, noticing that the price leaned on the intraday bearish channel’s support line and bounced bullishly from there, to head towards achieving expected gains in the upcoming sessions, targeting testing 0.9425 level mainly.

Therefore, the bullish bias will be suggested for today, being aware that we need to monitor the price behavior at the waited level, as breaching it will push the price back to the main bullish track again, while holding against the current rise will press on the price to resume the bearish track and head towards 0.9320 as a next negative target.

The expected trading range for today is between 0.9320 support and 0.9440 resistance.

The expected trend for today: Bullish

The NZDUSD pair trades positively to approach retesting the broken neckline of the negative pattern that appears on the chart at 0.7095, noticing that the pirce begins to provide negative trades now, affected by stochastic negativity, waiting to assist to break 0.7000 to reinforce the chances of continuing the correctional negative scenario, which its next target located at 0.6895.

Therefore, we will keep our bearish overview unless we witnessed clear breach to 0.7095 level and holding above it.

The expected trading range for today is between 0.6980 support and 0.7095 resistance

The expected trend for today: Overall bearish

The AUDUSD pair provided positive trades in the previous sessions to test the key resistance formed at 0.7660 and bounced bearishly from there, which keeps the chances valid to continue the correctional bearish trend, which its next target located at 0.7500.

Stochastic provides negative signals that support the expected decline, noting that breaching 0.7660 will stop the negative scenario and leads the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 0.7560 support and 0.7670 resistance

The expected trend for today: Bearish

Brent oil price managed to break 62.95 and hold with a daily close below it, which supports the continuation of our bearish overview, as it succeeded to touch our first suggested target at 61.50, to notice heading to retest the broken support at 62.95, which keeps its stability below it until now, waiting to rebound bearishly to resume the bearish trend that its next target located at 60.30.

Therefore, the negative scenario will remain dominant in the upcoming sessions unless breaching 62.95 and holding with a daily close above it.

The expected trading range for today is between 61.00 support and 63.60 resistance.

The expected trend for today: Bearish