The USDCHF pair managed to close the daily candlestick below 0.9530, which supports the continuation of the expected bearish trend efficiently for the upcoming period, paving the way to head towards our next negative target that extends to 0.9400.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid conditioned by the price stability below 0.9530.
The expected trading range for today is between 0.9440 support and 0.9560 resistance.
The expected trend for today: Bearish
The NZDUSD pair tested 0.6257 level and kept its stability above it, to resume the positive trades now and approaches 0.6320 level, waiting to breach this level to confirm heading towards 0.6380 as a next main target.
Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 0.6257.
The expected trading range for today is between 0.6260 support and 0.6360 resistance
The expected trend for today: Bullish
The AUDUSD pair provided clear negative trades in the previous sessions to test 0.6910 and rebounds bullishly from there, as it managed to hold above 0.6980 level again, which keeps our positive overview valid until now, supported by the EMA50, waiting to visit 0.7050 as a next main station.
Holding above 0.6910 is important to continue the expected rise, as breaking it will press on the price to return to the main bearish track again.
The expected trading range for today is between 0.6940 support and 0.7050 resistance
The expected trend for today: Bullish
Brent oil price succeeded to touch our extended positive target at 111.00 and bounced bearishly from there, to head towards the return to the main bearish track, and it needs to break 106.10 to confirm the continuation of the decline and achieve negative targets that start at 104.45 and extend to 102.25.
Therefore, the bearish bias will be suggested in the upcoming sessions conditioned by the price stability below 109.60.
The expected trading range for today is between 104.00 support and 109.55 resistance.
The expected trend for today: Bearish