The USDCHF pair attempts to break 0.9630 level, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, waiting to head towards 0.9530 that represents our next negative target.
The EMA50 supports the expected decline, which will remain valid unless the price rallied to breach 0.9730 and hold above it.
The expected trading range for today is between 0.9560 support and 0.9690 resistance.
The expected trend for today: Bearish
The NZDUSD pair rallied upwards in the previous sessions to breach 0.6257 level, but it closed the daily candlestick below it, which keeps the negative scenario valid, waiting to head towards 0.6180 as a first station, noting that breaking it will push the price to 0.6140 as a next negative target.
Therefore, the bearish trend scenario will remain valid for the upcoming period conditioned by the price stability below 0.6257.
The expected trading range for today is between 0.6150 support and 0.6270 resistance
The expected trend for today: Bearish
The AUDUSD pair provided strong positive trades in the previous sessions to reach 0.6980 level, and bounced bearishly to move below 0.6910, noticing that the price attempts positively now, which encourages us to suggest the bullish bias in the upcoming sessions, motivated by stochastic reach to the oversold areas, waiting to visit 0.6980 level mainly.
The EMA50 supports the expected positive scenario, noting that breaking 0.6875 will press on the price to test 0.6825 before any new attempt to rise.
The expected trading range for today is between 0.6860 support and 0.6980 resistance
The expected trend for today: Bullish
Brent oil price faces clear negative pressure, as it broke 104.20 level and begins to press on the most important support at 102.25, which hints heading to resume the bearish wave within the bearish channel that appears on the chart, noting that breaking the last level will push the price to 99.30 followed by 95.00 areas as next main stations.
Therefore, the bearihs bias will be expected for today, noting that failing to break 102.25 will lead the price to start new bullish wave and head towards 105.30 followed by 108.30 levels mainly.
The expected trading range for today is between 99.50 support and 104.50 resistance.
The expected trend for today: Bearish