The USDCHF pair provided clear positive trades yesterday to attack 0.9630 level, but it closed the daily candlestick below this level, which keeps the bearish trend scenario valid on the intraday and short term basis, supported by the negative pressure formed by the EMA50, waiting to resume the negative trades that target 0.9525 as a next main station.
The expected trading range for today is between 0.9550 support and 0.9660 resistance.
The expected trend for today: Bearish
The NZDUSD pair shows some bullish bias now, to test the EMA50 that forms good intraday resistance that supports the continuation of the recently suggested negative scenario, waiting to resume the negative trades to test 0.6210 mainly.
Therefore, we will keep our bearish overview unless breaching 0.6345 and holding above it, as breaching this level will push the price to test 0.6405 before any new attempt to decline.
The expected trading range for today is between 0.6230 support and 0.6340 resistance
The expected trend for today: Bearish
The AUDUSD pair keeps its stability below 0.6930 level, to keep the negative pressure valid for the upcoming period, supported by the EMA50, waiting to visit 0.6830 as a next main station.
Holding below 0.6930 is important to continue the expected decline, as breaching it will lead the price to attempt to recover and achieve gains that start at 0.6995 followed by 0.7045.
The expected trading range for today is between 0.6840 support and 0.6940 resistance
The expected trend for today: Bearish
Brent oil price bounced downwards strongly after testing 110.10 level yesterday, to keep the bearish trend scenario active on the intraday and short term basis, supported by the negative pressure formed by the EMA50, waiting to break 105.05 to confirm extending the bearish wave towards 101.65 followed by 98.85 levels.
We remind you that the continuation of the bearish wave depends on the price stability below 110.10.
The expected trading range for today is between 103.00 support and 110.00 resistance.
The expected trend for today: Bearish