The USDCHF fails to breach – Analysis - 03-06-2022
The USDCHF pair couldn’t manage to confirm breaching 0.9630 level, to rebound bearishly and resume the correctional bearish track, on its way to test 0.9530 level, noting that breaking this level will extend the bearish wave to reach 0.9400 as a next main target.
Therefore, the bearish bias will be suggested unless breaching 0.9630 and holding above it.
The expected trading range for today is between 0.9510 support and 0.9620 resistance.
The expected trend for today: Bearish
The NZDUSD breaches the resistance – Analysis - 03-06-2022
The NZDUSD pair breached 0.6525 level clearly and closed the daily candlestick above it, to head towards achieving more expected bullish correction in the upcoming period, targeting 0.6620 as a next positive station.
Therefore, the bullish bias will be suggested for today unless breaking 0.6525 and holding below it again.
The expected trading range for today is between 0.6510 support and 0.6620 resistance
The expected trend for today: Bullish
The AUDUSD hits the target – Analysis - 03-06-2022
The AUDUSD pair succeeded to achieve our main waited target at 0.7265 and settles around it, moving within bullish channel that supports the chances of surpassing this level and achieve more gains in the upcoming sessions, and the next target reaches 0.7335.
Therefore, the bullish trend will remain dominant unless breaking 0.7195 followed by 0.7160 levels and holding below them.
The expected trading range for today is between 0.7220 support and 0.7320 resistance
The expected trend for today: Bullish
Brent oil price achieves strong gains – Analysis - 03-06-2022
Brent oil price traded with strong positivity yesterday to breach 115.10 and settles around 117.00 now, to stop the recently suggested negative scenario and head to achieve more expected gains in the upcoming sessions, on its way to visit 121.30 mainly.
The EMA50 supports the price from below to reinforce the positive overview, which will remain valid conditioned by the price stability above 115.10.
The expected trading range for today is between 115.00 support and 121.00 resistance.
The expected trend for today: Bullish