Price Analysis: USDCHF

Expected Scenario

• The USDCHF price faces negative pressure to test the EMA50, forming minor support at 0.9100. This level represents the first protection factor to the continuation of the main bullish trend, suggesting the dominance of the bullish track within the bullish channel seen on the chart, targeting 0.9200 as the next station.
• However, breaking 0.9100 followed by 0.9055 levels will stop the expected rise and push the price to start bearish correction on the intraday basis.

Expected Outcome

The expected trading range for today is between 0.9040 support and 0.9180 resistance.

Price Analysis: NZDUSD

Expected Scenario

• The NZDUSD price trades with clear positivity, breaching the 0.5915$ level and attempting to hold above it. This hints at the beginning of an expected bullish wave on the intraday basis, targeting a visit to the 0.6000$ barrier mainly.
• We expect to witness more rise in the upcoming sessions, with the caveat that trading below 0.5915$ again will reactivate the main bearish wave and head to achieve negative targets starting at 0.5840$.

Expected Outcome

The expected trading range for today is between 0.5880$ support and 0.5980$ resistance.

Price Analysis: AUDUSD

Expected Scenario

• The AUDUSD price couldn’t hold below the 0.6410$ level for a long time, trading with clear positivity and heading towards testing 0.6500$ as the next main station. Breaching this level will lead to additional gains, reaching 0.6570$.
• The bullish bias will be suggested in the upcoming sessions unless the price manages to break 0.6410$ and hold with a daily close below it.

Expected Outcome

The expected trading range for today is between 0.6410$ support and 0.6510$ resistance.

Price Analysis: Brent Oil

Expected Scenario

• Brent oil price encountered significant downward pressure yesterday, resulting in the break of the bullish channel’s support line and initiating a bearish correction for the rise originating from 72.50$ areas.
• The price is currently testing the 23.6% Fibonacci correction level, which serves as a strong support at 87.67$. Breaking below this level will likely lead the price to target the next correctional level around 84.77$.
• The bearish trend is expected to persist in the upcoming sessions, supported by the negative pressure from the EMA50. However, if the price manages to consolidate above 87.67$ against the current negative pressure, it may attempt a recovery towards the 89.80$ areas initially.

Expected Outcome

The expected trading range for today is between 85.90$ support and 88.90$ resistance.