The tight range keeps dominating the USDCHF price trades, which continues to fluctuate at 0.8673 level, noticing that stochastic gains new positive momentum, waiting to assist to breach the mentioned level and confirm extending the bullish wave on the intraday and short term basis, reminding you that the next targets reach 0.8730 followed by 0.8778.

Holding above 0.8630 is important to the continuation of the expected rise, as breaking it will push the price to turn to decline and head to visit 0.8543 areas mainly.

The expected trading range for today is between 0.8590 support and 0.8720 resistance.

Trend forecast: Bullish

The NZDUSD price returned to decline to test the key support 0.6000$, which consolidates well against the price, to start providing positive trades by today’s open, hinting heading to build bullish wave on the intraday basis, its targets begin by testing 0.6070$ areas.

Therefore, we expect to witness positive trades in the upcoming sessions unless breaking 0.6000$ and holding below it.

The expected trading range for today is between 0.5980$ support and 0.6070$ resistance

Trend forecast: Bullish

The AUDUSD price faced new negative pressure yesterday, as it reached the recently recorded low at 0.6620$, noticing that the price begins to recover and attempts to build bullish wave from these areas, to head towards achieving positive targets that start at 0.6697$ and extend to 0.6744$ after breaching the previous level.

Stochastic provides positive signals that support the expectations to rise, taking into consideration that breaking 0.6620$ will stop the positive scenario and push the price to resume the main bearish track.

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

Trend forecast: Bullish

Brent oil price faced negative pressure yesterday and attempted to break 75.36$ level, but it managed to close the daily candlestick above it, to start today with clear rise and reinforce the expectations of continuing the bullish trend on the intraday basis, on its way to test 76.84$ as a next station, noting that breaching this level will extend the bullish wave to reach 78.66$ areas.

The technical indicators provide positive signals that support the expected rise, which will remain valid unless breaking 75.36$ and holding with a daily close below it.

The expected trading range for today is between 74.80$ support and 77.80$ resistance.

Trend forecast: Bullish