The USDCHF pair continues to fluctuate around 0.9200 level, and didn’t show any strong move in the previous sessions, thus, the bearish trend scenario will remain valid as it is without any change for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 0.9140, while achieving it requires holding below 0.9265.
The expected trading range for today is between 0.9140 support and 0.9250 resistance.
The expected trend for today: Bearish
The NZDUSD pair resumes its negative trading to move below 0.6800 barrier, getting continuous negative support by the EMA50, which supports the continuation of the expected bearish trend scenario on the intraday and short term basis, which targets 0.6700 as a next main station, remindng you that it is important to hold below 0.6875 to continue the expected decline.
The expected trading range for today is between 0.6700 support and 0.6840 resistance
The expected trend for today: Bearish
The AUDUSD pair opens today’s trading with new bearish bias to move away from 0.7100 barrier, reinforcing the expectations of continuing the main bearish trend, organized inside the bearish channel that appears on the chart, waiting to visit 0.7000 mainly.
On the other hand, we should note that the continuation of the bearish wave requires holding below 0.7140 and the most important below 0.7170.
The expected trading range for today is between 0.7000 support and 0.7110 resistance
The expected trend for today: Bearish
Brent oil price ended yesterday with clear positivity to settle above 69.60, but it begins today with clear decline to hint heading to resume the expected bearish trend on the intraday and short term basis, which its next main target located at the previous recorded low at 64.60.
The EMA50 continues to support the suggested bearish wave, which its continuation requires holding below 69.60.
The expected trading range for today is between 67.00 support and 71.00 resistance.
The expected trend for today: Bearish