The USDCHF pair traded with clear negativity yesterday to succeed achieving our first target at 0.9150 and settles near it, waiting for more decline to surpass this level and open the way to visit the previous recorded low at 0.9060.

The negative effect of the descending triangle’s supports the continuation of the expected bearish trend, besides the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 0.9235 and the most important below 0.9316.

The expected trading range for today is between 0.9080 support and 0.9235 resistance.

The expected trend for today: Bearish

The NZDUSD pair rallied upwards clearly yesterday to breach 0.6200 level and test the key resistance 0.6290, and still below this level, to keep the chances valid to continue the expected bearish trend on the intraday basis, which its targets begin at 0.6140.

Stochastic provides negative signals that support the expected decline, and breaking 0.6220 is required to reinforce the negative overview, noting that breaching 0.6290 will stop the negative scenario and push the price to turn to rise.

The expected trading range for today is between 0.6170 support and 0.6300 resistance

The expected trend for today: Bearish

The AUDUSD pair provided strong positive trades yesterday to approach our waited target at 0.6780, getting continuous positive support by the EMA50, while stochastic begins to provide positive signals now.

Therefore, we believe that the chances valid to achieve more expected rise in the upcoming sessions, noting that breaching the mentioned level will extend the bullish wave to reach 0.6925 areas, while breaking 0.6665 will stop the suggested positive scenario and press on the price to turn to decline.

The expected trading range for today is between 0.6665 support and 0.6800 resistance

The expected trend for today: Bullish

Brent oil price surpassed 75.15 level and settled above it, to touch the first positive target at 76.55, and we expect the continuation of the bullish bias to breach this level and achieve more bullish correction that its next target reaches 78.50.

Stochastic gathers the positive momentum to support the expectations of continuing the bullish trend in the upcoming sessions, noting that breaking 75.15 will stop the suggested rise and press on the price to return to the main bearish track again.

The expected trading range for today is between 74.50 support and 78.00 resistance.

The expected trend for today: Bullish