The USDCHF price managed to achieve our first waited target at 0.8430, showing more decline to support the expectations of extending the bearish wave on the intraday and short-term basis, paving the way to head towards 0.8332 as a next main target.

Therefore, the bearish trend will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that the continuation of the bearish trend requires holding below 0.8543.

The expected trading range for today is between 0.8350 support and 0.8490 resistance.

Trend forecast: Bearish

The NZDUSD price continued to rise to test 0.6228$ resistance line, noticing that the price consolidates below this resistance until now, as the EMA50 meets this level to add more strength to it, waiting to resume the negative trades and head towards 0.6140$ that represents our next main target.

Therefore, the bearish trend will remain suggested for the upcoming period conditioned by the price stability below 0.6228$.

The expected trading range for today is between 0.6150$ support and 0.6250$ resistance

Trend forecast: Bearish

The AUDUSD price surpassed 0.6728$ level and closed the daily candlestick above it, but we notice that the EMA50 formed good resistance that prevented the price from continuing the rise, accompanied by witnessing clear negative signals through stochastic now.

Therefore, these factors encourage us to suggest the bearish bias today, and the price needs to break 0.6728$ again to confirm the continuation of the bearish trend domination in the upcoming sessions and opens the way to head towards 0.6640$ as a next main target, noting that breaching 0.6745$ will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 0.6665$ support and 0.6775$ resistance

Trend forecast: Bearish

Brent oil price managed to break 73.55$ and hold below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, opening the way to head towards our main waited target at 71.60$.

Therefore, we are waiting for more expected decline on the intraday and short-term basis, noting that breaking the targeted level will extend the bearish wave to reach 70.00$ barrier, while holding below 74.30$ represents key condition to the continuation of the suggested bearish trend.

The expected trading range for today is between 71.50$ support and 74.40$ resistance.

Trend forecast: Bearish