The USDCHF pair returns to test the main bearish channel’s resistance, noticing that stochastic shows clear overbought signals now, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which targets 0.8665 initially.

Breaking 0.8785 will reinforce the expectations to decline, while breaching 0.8850 represents the key to resume the bullish wave and achieve new gains that reach 0.9000 areas on the near-term basis.

The expected trading range for today is between 0.8750 support and 0.8890 resistance.

The expected trend for today: Bearish

The NZDUSD pair breached 0.6140 level and closed the daily candlestick above it, to support the expectations of continuing the intraday bullish trend, which targets 0.6228 mainly.

The RSI negativity might push the price to fluctuate within sideways track before resuming the expected rise, noting that failing to consolidate above 0.6140 will push the price to decline and test 0.6070 areas before any new attempt to rise.

The expected trading range for today is between 0.6100 support and 0.6190 resistance

The expected trend for today: Bullish

The AUDUSD pair shows some bearish bias to test the EMA50 that meets 0.6520 support line, noticing that stochastic gets rid of its negative momentum to reach the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its first target located at 0.6570.

On the other hand, we should note that breaking 0.6500 will reactivate the negative effect of the head and shoulders’ pattern that appears on the chart and push the price to decline again.

The expected trading range for today is between 0.6480 support and 0.6580 resistance

The expected trend for today: Bullish

Brent oil price provides positive trades since yesterday to approach 83.87 level again, waiting to breach this level to confirm extending the bullish wave on the intraday and short-term basis, as we expect to target 85.55 areas on the near-term basis.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions, and the price needs to consolidate above 82.70 as a key condition to achieve the waited targets, as breaking it will push the price to turn to decline and head to visit 81.00 as a main negative target.

The expected trading range for today is between 82.30 support and 85.20 resistance.

The expected trend for today: Bullish