The USDCHF pair settles above the bullish channel’s support line, getting positive support by the EMA50, to keep the bullish trend scenario valid and active for the upcoming period, reminding you that our waited target is located at 0.9000.

Stochastic gathers the positive momentum to reinforce the expectations of continuing the rise, taking into consideration that breaking 0.8815 will stop the bullish trend and push the price to turn to decline.

The expected trading range for today is between 0.8780 support and 0.8910 resistance.

Trend forecast: Bullish

The NZDUSD price reached the thresholds of the waited target at 0.6070 and begins to provide bullish rebound signals, to hint heading towards achieving expected gains on the intraday basis, targeting visiting 0.6140 mainly.

Therefore, the bullish bias will be suggested for today, being aware that is important to monitor the price when reaching the targeted level, as breaching it will lead the price to achieve additional positive targets that reach 0.6228, while on the other hand, breaking 0.6070 will stop the expected rise and push the price to suffer new losses that reach 0.6000.

The expected trading range for today is between 0.6050 support and 0.6150 resistance

Trend forecast: Bullish

The AUDUSD price ended last Friday below 0.6570 level, to reinforce the expectations of continuing the bearish trend on the intraday basis, affected by the double top pattern that its signs appear on the chart, waiting to visit 0.6500 as a next main station.

The continuation of the bearish wave depends on the price stability below 0.6570 -0.6585 levels, as breaching them will lead the price to start new recovery attempts and head to test 0.6640 initially.

The expected trading range for today is between 0.6500 support and 0.6610 resistance

Trend forecast: Bearish

Brent oil price fluctuates within sideways track in the previous sessions, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next target located at 86.74.

Therefore, we will continue to suggest the bullish trend for the upcoming period, and breaching the mentioned level will extend the bullish wave to reach 88.40 as a next positive target, while breaking 83.87 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 84.60 support and 87.60 resistance.

Trend forecast: Bullish