The USDCHF pair managed to achieve our initial waited target at 0.9200 and broke it to approach from the second target at 0.9140, but it returns to flcutaute near the initial level, affected by stochastic positivity, waiting for getting a negative motive that pushes the price to resume the bearish bias again.
In general, we keep preferring the bearish trend in the upcoming period unless breaching 0.9265 level and holding above it.
The expected trading range for today is between 0.9140 support and 0.9250 resistance.
The expected trend for today: Bearish
The NZDUSD pair trades with clear positivity now to approach 0.6875 level, and as we mentioned in our recent reports, holding below this level is important to continue the expected bearish trend on the intraday and short term basis, as breaching it followed by breaching 0.6915 will push the price to turn to rise and achieve gains that start by testing 0.6995 areas.
The EMA50 continues to support the expected bearish wave, which its next main target located at 0.6700.
The expected trading range for today is between 0.6780 support and 0.6900 resistance
The expected trend for today: Bearish
The AUDUSD pair bounced higher after approaching from our waited target at 0.7050, and opens today’s trading with more of the upside moves to test the critical resistance at 0.7170, which requires being aware from the upcoming trading, where the price needs to settle below this level to keep the bearish trend valid in the upcoming period, which organizes within the bearish channel that appears in the image, pointing that the next target reaches to 0.7000.
On the other hand, you should be aware that breaching 0.7170 will stop the suggested negative scenario and leads the price to begin a bullish correctional wave.
The expected trading range for today is between 0.7100 support and 0.7200 resistance
The expected trend for today: Bearish
Brent oil price succeeded to achieve our waited negative targets that reached 67.45 and bounced upwards clearly to breach 69.60 level and settles above it, starting today with additional rise to head towards achieving more expected bullish bias in the upcoming sessions, targeting testing 72.70 level initially.
Therefore, we expect to witness more rise today, motivated by stochastic positivity, noting that surpassing the targeted level will extend the bullish wave to reach 75.20, while the bullish bias will remain valid unless breaking 69.60 level and holding below it.
The expected trading range for today is between 69.20 support and 73.00 resistance.
The expected trend for today: Bullish