The USDCHF price bounced bearishly after testing 0.6543 in the previous sessions, to resume the expected bearish trend on the intraday and short term basis, reminding you that our targets begin at 0.8455 and extend to 0.8332.
Breaking 0.8490 will ease the mission to achieve the suggested targets, while the expected decline will remain valid unless breaching 0.8543 and holding above it.
The expected trading range for today is between 0.8325 support and 0.8550 resistance.
Trend forecast: Bearish
Thanks for your feedback.
The NZDUSD price rallied upwards clearly to breach 0.6165$ level and settles above it, to stop the negative effect of the double top pattern and head towards achieving expected gains in the upcoming sessions, targeting testing 0.6228$ initially, noting that breaching this level will lead the price to achieve more positive targets on the longer-term basis.
MoreThe AUDUSD price succeeded to achieve our waited target at 0.6728$ and settles there, as it faces solid resistance there, accompanied by witnessing negative signals through stochastic, while it gets positive support by the EMA50 that might push the price to achieve more gains in the upcoming period.
MoreBrent oil price ended yesterday with strong positivity, as it confirmed breaching 72.00$ to reinforce the expectations of achieving more bullish correction on the intraday basis, on its way to test 73.80$ as a next target, noting that breaching this level will extend the bullish wave towards 75.24$ direct.
More