The USDCHF pair couldn’t manage to hold positively for long time, to rebound downwards clearly and return to the main bearish channel, as it completed forming bearish flag pattern that puts the price under the negative pressure again, on its way to achieve negative targets that start at 0.9085.
Therefore, we expect to witness more bearish bias in the upcoming sessions unless breaching 0.9215 and holding above it.
The expected trading range for today is between 0.9085 support and 0.9225 resistance.
The expected trend for today: Bearish
The NZDUSD pair returns to rise after approaching the bullish channel’s support line, to resume the main bullish wave, motivated by the positive signal provided by stochastic now, waiting to surpass 0.6510 to confirm extending the bullish wave towards 0.6600.
On the other hand, we should note that breaking 0.6445 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 0.6435 support and 0.6550 resistance
The expected trend for today: Bullish
The AUDUSD pair shows more bullish bias to approach our new target at 0.7135, and we suggest the continuation of the bullish trend to achieve additional gains that reach 0.7200.
Therefore, our bullish overview will remain valid and active, supported by the EMA50 that continues to carry the price from below, noting that it is important to hold above 0.7060 to continue the suggested rise.
The expected trading range for today is between 0.7070 support and 0.7200 resistance
The expected trend for today: Bullish
Brent oil price continues to fluctuate within sideways track, settling around 86.00 level, noticing that stochastic begins to overlap negatively now, waiting to motivate the price to resume the expected bearish wave on the intraday basis, which its targets begin at 85.10 and extend to 83.70 after breaking the previous level.
Therefore, our bearish overview will remain valid unless breaching 86.90 and holding above it.
The expected trading range for today is between 84.30 support and 87.50 resistance.
The expected trend for today: Bearish