The USDCHF pair bounced bullishly after testing 0.9265 level in the previous sessions, to resume the bullish track and head towards our first waited positive target at 0.9345.

The EMA50 continues to support the price from below, to continue suggesting the bullish trend on the intraday and short term basis, reminding you that it is important to hold above 0.9265 to continue the expected rise.

The expected trading range for today is between 0.9250 support and 0.9345 resistance.

The expected trend for today: Bullish

The NZDUSD pair ended last Friday below 0.7005 level, to support the continuation of the bearish trend, opening the way to head towards 0.6955 that represents our next station.

Therefore, we are waiting for more decline in the upcoming sessions, taking into consideration that holding below 0.7005 represents initial condition to continue the suggested negative scenario.

The expected trading range for today is between 0.6930 support and 0.7040 resistance

The expected trend for today: Bearish

The AUDUSD pair managed to confirm breaking 0.7260 level and hold below it, reinforcing the expectations of continuing the bearish trend within the bearish channel that appears on the chart, waiting for more decline to visit 0.7170 as a next main target.

The EMA50 supports the expected bearish trend, which will remain valid unless the price rallied to breach 0.7260 followed by 0.7315 levels and hold above them.

The expected trading range for today is between 0.7190 support and 0.7290 resistance

The expected trend for today: Bearish

Brent oil price declined sharply to touch our waited target at 77.70 and settles there, showing some slight bullish bias affected by stochastic positivity, while we believe that the bearish track will dominate the upcoming trades supported by the negative pressure formed by the EMA50, waiting to break the mentioned level to confirm extending the correctional bearish wave towards 75.20.

On the other hand, we should note that the continuation of the rise and breaching 78.80 will push the price to achieve additional gains and test 80.80 areas mainly.

The expected trading range for today is between 76.50 support and 79.50 resistance.

The expected trend for today: Bearish