The USDCHF price shows negative trades by today’s open in attempt to resume the expected bearish trend on the intraday basis, which targets 0.8332 areas as a next main station.

Moving below the EMA50 supports the continuation of the suggested bearish wave, reminding you that breaching 0.8543 will stop the bearish trend and push the price to build bullish wave that its targets begin by visiting 0.8673 areas.

The expected trading range for today is between 0.8370 support and 0.8520 resistance.

Trend forecast: Bearish

The NZDUSD price retested the broken neckline of the double top pattern and bounced bearishly from there, to keep the negative effect of this pattern active, waiting to motivate the price to resume the negative trades and head towards 0.6070$ that represents our next main target.

Therefore, the bearish trend will remain valid for the upcoming period conditioned by the price stability below 0.6165$.

The expected trading range for today is between 0.6080$ support and 0.6280$ resistance

Trend forecast: Bearish

The AUDUSD price settles at 0.6640$ level, waiting to get negative motive that assist to push the price to break this level and open the way to achieve new negative targets that extend to 0.6570$ on the near-term basis.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that the consolidation of 0.6640$ level against the negative attempts will push the price to recover and head to test 0.6728$ areas before any new attempt to decline.

The expected trading range for today is between 0.6600$ support and 0.6700$ resistance

Trend forecast: Bearish

Brent oil price declined strongly yesterday to resume the main bearish trend within the bearish channel that appears on the chart, waiting to head towards 67.70$ as a next main target.

The EMA50 supports the continuation of the suggested bearish wave, noting that breaching 70.25$ might push the price to recover and achieve intraday gains that target testing 71.16$ and might extend to the bearish channel’s resistance around 72.35$ before any new attempt to decline.

The expected trading range for today is between 68.40$ support and 71.40$ resistance.

Trend forecast: Bearish