The USDCHF pair rose again to breach the bearish channel’s resistance and settles above it, to hint starting new bullish correction, but we notice that the technical indicators show negative signals that might hinder the mission to rise, which makes us prefer to stay aside until we get clearer signal for the next trend.

Note that breaching 0.9260 will push the price to achieve new gains and test 0.9335 as a next main target, while breaking 0.9160 support will push the price back to the main bearish channel again to resume the bearish track that its first target located at 0.9085.

The expected trading range for today is between 0.9140 support and 0.9300 resistance.

The expected trend for today: Neutral

The NZDUSD pair attempts to breach 0.6510 level and finds solid resistance there, and continues to move within the bullish channel that supports the chances of continuing the bullish wave that its next target reaches 0.6600.

Until now, the bullish trend scenario still active for the upcoming period, supported by stochastic and the EMA50 positivity, noting that it is important to hold above 0.6470 to continue the expected rise.

The expected trading range for today is between 0.6440 support and 0.6570 resistance

The expected trend for today: Bullish

The AUDUSD pair succeeded to touch our waited target at 0.7135 and fluctuates within sideways track since yesterday, settling above 0.7100 barrier, waiting to get positive momentum that assists to push the price to continue rising and head towards our next target that reaches 0.7200.

Therefore, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50, noting that breaking 0.7060 will press on the price to achieve intraday bearish correction before turning back to rise again.

The expected trading range for today is between 0.7070 support and 0.7190 resistance

The expected trend for today: Bullish

Brent oil price confirmed breaching 86.90 level to head towards achieving expected gains in the upcoming sessions, targeting testing 88.20 level mainly, being aware that it is important to monitor the price at this level, as breaching it will extend the bullish wave to reach 89.90 as a next target, while consolidating against the bullish bias will press on the price to decline again.

On the other hand, we should note that breaking 86.90 will stop the suggested positive scenario and press on the price to head towards 85.10 direct.

The expected trading range for today is between 86.00 support and 89.50 resistance.

The expected trend for today: Bullish