The USDCHF needs more positive momentum – Analysis - 13-09-2023

The NZDUSD pair faced negative pressure to break 0.5900 and attempts to hold below it, and by taking a deeper look at the chart, we find that the price completed forming bearish flag pattern represented by the minor bullish channel that appears on the chart, which puts the price under expected negative pressure in the upcoming sessions, to head towards visiting 0.5800 followed by 0.5750 levels as next main targets.

The AUDUSD pair faced solid resistance at 0.6450 that hindered the mission to rise, to trade negatively now and press on the key support 0.6400, which hints heading to resume the bearish track again, but we prefer to stay aside until the price confirms its situation according to the mentioned support to detect the next destination clearly.

Brent oil price continued to rise to breach 91.50 level clearly and settles above it, which leads the price to continue the rise on the intraday and short-term basis, organized by the bullish channel that appears on the chart, noting that the next target reaches 94.25.