The USDCHF pair continues to fluctuate around 0.9630 level, noticing that stochastic overlaps negatively now, waiting to motivate the price to break the mentioned level and open the way to rally towards our next negative station at 0.9530.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that failing to achieve the required break will push the price to test 0.9730 areas before any new attempt to decline.
The expected trading range for today is between 0.9550 support and 0.9690 resistance.
The expected trend for today: Bearish
The NZDUSD pair closed the daily candlestick above 0.6257 level, to support the continuation of the bullish trend within the bullish channel that appears on the chart, waiting to visit 0.6320 as a next positive target.
The EMA50 supports the expected rise, which will remain valid unless breaking 0.6240 and holding below it.
The expected trading range for today is between 0.6230 support and 0.6320 resistance
The expected trend for today: Bullish
The AUDUSD pair trades with additional positivity by today’s open to reach our waited target at 0.6980, expecting to surpass this level and achieve additional gains that reach 0.7050, supported by moving inside the bullish channel that appears on the chart.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 0.6910, noting that the EMA50 keeps supporting the expected bullish wave.
The expected trading range for today is between 0.6930 support and 0.7050 resistance
The expected trend for today: Bullish
Brent oil price traded with clear positivity to breach 105.05 and settles above it, to stop the negative scenario and head to achieve expected gains on the intraday basis, targeting 108.10 followed by 109.60 levels mainly.
Therefore, the bullish bias will be expected for today, and moving above the EMA50 supports the suggested positive scenario, noting that breaking 105.05 and holding below it will press on the price to decline again to test 102.25 areas initially.
The expected trading range for today is between 104.00 support and 109.00 resistance.
The expected trend for today: Bullish