USDCHF Price Analysis

Expected Scenario

• The USDCHF price couldn’t manage to trade above 0.9014 level again, breaking below 0.8990 and heading towards achieving new bearish correction on the intraday basis, targeting 0.8885 areas as the next main station.
• Therefore, a bearish bias is suggested for today, supported by the price moving below the EMA50, with note that breaching 0.9014 would halt the current negative pressure and potentially push the price to recover.

Expected Trading Range

Between 0.8900 support and 0.9050 resistance.

NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price shows new bullish bias now, crawling towards our awaited target at 0.6140$, with expectations to surpass this level and achieve additional gains up to 0.6228$.
• We continue to suggest a bullish trend for the upcoming period, contingent upon the price maintaining stability above 0.6070$.

Expected Trading Range

Between 0.6070$ support and 0.6170$ resistance.

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price begins today positively to breach 0.6728$ level and attempt to hold above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, paving the way to achieve additional gains that reach 0.6800$.
• The EMA50 keeps supporting the suggested bullish wave, taking into consideration that failing to consolidate above 0.6728$ will put the price under negative pressure that might push it to visit 0.6640$ before any new positive attempt.

Expected Trading Range

Between 0.6690$ support and 0.6790$ resistance.

Brent Oil Price Analysis

Expected Scenario

• Brent oil price breached 87.67$ clearly and ended yesterday above it, which supports the expectations of continuing the bullish trend in the upcoming period, paving the way to achieve our next positive targets that start at 89.30$ followed by 89.95$.
• The bullish channel supports the continuation of the suggested bullish wave, noting that breaking this channel’s support line at 87.25$ might force the price to turn to decline on the intraday basis and achieve negative targets that start at 86.30$ and might extend to 84.77$ before turning back to rise again.

Expected Trading Range

Between 86.50$ support and 89.50$ resistance.