The USDCHF is satisfied with the first target – Analysis - 20-06-2022
The USDCHF pair touched our first waited positive target at 0.9730 and found solid resistance there, to decline again and head to achieve negative targets that we expect to start at 0.9630 and extend to 0.9525 after breaking the previous level.
Stochastic provides negative signals that support the expected decline, which will remain valid unless the price rallied to breach 0.9730 and hold above it.
The expected trading range for today is between 0.9600 support and 0.9700 resistance.
The expected trend for today: Bearish
The NZDUSD attempts to recover – Analysis - 20-06-2022
The NZDUSD pair’s decline stop at 0.6290 level, to start bouncing bullishly and head to return to the correctional bullish track, on its way to test 0.6405 level initially, noting that breaching this level will push the price to 0.6525 areas as next main station.
Therefore, the bullish bias will be suggested for the upcoming period unless breaking 0.6290 and holding below it.
The expected trading range for today is between 0.6290 support and 0.6380 resistance
The expected trend for today: Bullish
The AUDUSD touches the negative target – Analysis - 20-06-2022
The AUDUSD pair succeeded to achieve our waited target at 0.6930 and found solid support there, to start trading positively now, to head towards achieving expected gains in the upcoming sessions, targeting 0.6995 followed by 0.7045 levels as next main stations.
Therefore, we expect to witness more rise today, supported by stochastic positivity, noting that breaking 0.6930 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 0.6920 support and 0.7020 resistance
The expected trend for today: Bullish
Brent oil price hits the target – Analysis - 20-06-2022
Brent oil price succeeded to achieve our main waited target at 110.10 and settles there, and we suggest the continuation of the negative pressure to break this level and open the way to rally towards 105.05 as a next negative target.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, taking into consideration that failing to break 110.10 will lead the price to recover and head to visit 115.10 initially.
The expected trading range for today is between 106.00 support and 114.00 resistance.
The expected trend for today: Bearish