The USDCHF pair shows new negative trades to settle below 0.8630, noticing that the price forms potential double top pattern that appears on the chart, which might cause trend turn to decline, noting that the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend.

Note that breaking 0.8605 support will complete the formation of the mentioned pattern and push the price to return to the main bearish track again, to head towards achieving negative targets that start at 0.8515 and extend to 0.8390, while breaching 0.8670 resistance will lead the price to achieve new gains that reach 0.8800 followed by 0.8855.

The expected trading range for today is between 0.8540 support and 0.8690 resistance.

The expected trend for today: Neutral

The NZDUSD pair managed to achieve our waited target at 0.6140 and attempts to breach it, and we suggest extending the bullish wave after the formation of double bottom pattern that its signs appear on the chart, noting that the next target reaches 0.6228.

Therefore, we are waiting for more expected rise in the upcoming sessions, taking into consideration that failing to breach 0.6140 will push the price to rebound bearishly and head to test 0.6070 before any new attempt to rise.

The expected trading range for today is between 0.6100 support and 0.6200 resistance

The expected trend for today: Bullish

The AUDUSD pair provided positive trades yesterday to settle above the EMA50, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our waited target at 0.6640, noting that breaching this level will extend the bullish wave to reach 0.6700 followed by 0.6728 as next stations.

Holding above 0.6570 is important to achieve the suggested targets, as breaking it will push the price to achieve additional bearish correction that its next target reaches 0.6500.

The expected trading range for today is between 0.6570 support and 0.6670 resistance

The expected trend for today: Bullish

Brent oil price keeps declining to head towards testing the key support 81.00, waiting for more bearish bias in the upcoming sessions, being aware that it is important to monitor the price behavior when reaching the mentioned level, due to its importance of determining the next trend.

Note that breaking the mentioned support will push the price to suffer additional losses and open the way to head towards 79.10 followed by 77.44 areas as next negative stations, while consolidating against the current negative pressure will lead the price to resume the bullish wave affected by the previously completed double bottom pattern and visit 83.88 level again.

The expected trading range for today is between 80.70 support and 83.60 resistance.

The expected trend for today: Bearish