The USDCHF keeps its negative stability – Analysis - 06-06-2022
The USDCHF pair fluctuates around 0.9630 level and keeps its stability below it, accompanied by witnessing clear negative signals through stochastic, while the EMA50 meets the mentioned resistance to add more strength to it.
Therefore, we believe that the chances valid to resume the negative trades that target 0.9530 as a next station, reminding you that it is important to hold below 0.9630 to continue the expected decline.
The expected trading range for today is between 0.9550 support and 0.9650 resistance.
The expected trend for today: Bearish
The NZDUSD fails to settle positively – Analysis - 06-06-2022
The NZDUSD pair couldn’t manage to hold for long time above 0.6525, to break it and settle below it, which puts the price under expected negative pressure in the upcoming sessions, on its way to visit 0.6465 followed by 0.6405 levels as next negative stations.
Therefore, we expect to witness more decline today unless the price managed to breach 0.6525 and hold above it again.
The expected trading range for today is between 0.6450 support and 0.6540 resistance
The expected trend for today: Bearish
The AUDUSD under the negative pressure – Analysis - 06-06-2022
The AUDUSD pair found solid resistance at 0.7265, to rebound downwards clearly and attack the bullish channel’s support line, which hints heading to return to the main bearish track again, noting that breaking 0.7160 will confirm the continuation of the decline and achieve negative targets that start at 0.7100.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 0.7265 and hold above it.
The expected trading range for today is between 0.7130 support and 0.7240 resistance
The expected trend for today: Bearish
Brent oil price rallies upwards – Analysis - 06-06-2022
Brent oil price achieved strong gains in the previous sessions to reach the thresholds of the waited target at 121.30, showing new positive attempts now, which encourages us to suggest breaching the mentioned level and extend the bullish wave to reach 122.90 as a next main target.
On the other hand, we should note that breaking 119.00 will stop the expected rise and press on the price to test 117.65 areas before any new attempt to rise.
The expected trading range for today is between 118.50 support and 122.90 resistance.
The expected trend for today: Bullish