USDCHF Price Analysis

Expected Scenario

• The USDCHF price settles above the EMA50, indicating a pause before resuming the bullish wave targeting 0.9224 as the next station.
• To keep the positive scenario active, holding above 0.9014 is crucial for the continuation of the bullish trend.
• Breaking below this level will lead to a return to the correctional bearish track and may trigger a move towards negative targets, starting at 0.8884 areas.

Expected Trading Range

Between 0.9020 support and 0.9160 resistance.

NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price tested the 0.6140$ level and encountered solid resistance, resulting in a slight bearish bias.
• Affected by RSI negativity, the price is waiting to gather positive momentum to breach the mentioned level and head towards 0.6228$ as the next main target.
• The bullish trend will remain valid for the upcoming period, with the consideration that failing to breach 0.6140$ will halt the expected rise.
• In such a scenario, the price may rebound bearishly and test 0.6070$ before any new attempt to rise.

Expected Trading Range

Between 0.6070$ support and 0.6170$ resistance.

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price returned to rise after approaching the 0.6640$ level in the previous sessions.
• Resuming the bullish wave, it reached the thresholds of the awaited target at 0.6728$.
• The price is affected by the inverted head and shoulders’ pattern, with a positive target surpassing the mentioned level to reach 0.6800$ areas as the next station.
• We will continue to suggest the bullish trend for the upcoming period unless breaking 0.6640$ and holding below it.

Expected Trading Range

Between 0.6650$ support and 0.6750$ resistance.

Brent Oil Price Analysis

Expected Scenario

• Brent oil price continues to exhibit bullish bias, nearing the awaited positive target at 84.77$.
• It faces resistance from the correctional bearish channel’s upper boundary but receives positive support from the EMA50.
• We anticipate the continuation of the bullish trend, with a breach of the target level extending the upward movement to 85.80$ and 86.90$ levels as subsequent positive stations.
• However, consolidation around 84.77$ may prompt a bearish rebound, leading the price to test the 82.40$ level.

Expected Trading Range

Between 83.00$ support and 86.00$ resistance.