The USDCHF price continued to decline to break the intraday bullish channel’s support line, to head towards achieving expected decline in the upcoming sessions, targeting testing 0.9035 – 0.9014 levels.

Therefore, the bearish bias will be suggested for today, noting that the expected decline is temporary, waiting to resume the main bullish trend, taking into consideration that breaching 0.9145 will stop the suggested negative scenario and push the price to rise again.

The expected trading range for today is between 0.9035 support and 0.9180 resistance.

Trend forecast: Bearish temporarily

The NZDUSD price fluctuates around the EMA50, settling at the bearish channel’s resistance line, waiting to resume the bearish trend to target 0.5540$ followed by 0.5450$ levels as next main stations.

Holding below 0.5620$ is important to the continuation of the expected decline, noting that breaching it will lead the price to achieve bullish correction that its targets begin by visiting 0.5738$ areas.

The expected trading range for today is between 0.5550$ support and 0.5650$ resistance

Trend forecast: Bearish

The AUDUSD price managed to break the bearish flag’s support line and hold below it, to get negative motive that we are waiting to push the price to resume the main bearish trend within the bearish channel that appears on the chart, reminding you that the expected targets begin at 0.6140$ and extend to 0.6075$.

Stochastic loses its positive momentum gradually to support the expectations to decline, which will remain valid unless breaching 0.6235$ and holding with a daily close above it.

The expected trading range for today is between 0.6160$ support and 0.6260$ resistance

Trend forecast: Bearish

Brent oil price faced strong negative pressure yesterday to reach 80.60$ areas, noticing that the price consolidated above the bullish channel’s support line that appears on the chart and begins to rise clearly by today’s open, to head towards resuming the main bullish trend, on its way to achieve positive targets that start at 82.80$ and extend to 84.00$.

Stochastic provides positive overlapping signal now that motivates the price to provide more expected rise in the upcoming sessions, noting that breaking 81.25$ and holding below it will stop the bullish wave and push the price to start bearish correction on the intraday basis.

The expected trading range for today is between 80.50$ support and 83.50$ resistance.

Trend forecast: Bullish

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