The USDCHF pair traded with clear positivity yesterday to test the key resistance 0.9265, starting to provide bearish rebound signals now to head towards resuming the recently suggested bearish track, waiting to test 0.9200 again, and it needs to break this level to confirm extending the bearish wave towards 0.9140.

Stochastic provide clear negative signals that support the expected decline, which will remain valid conditioned by the price stability below 0.9265.

The expected trading range for today is between 0.9170 support and 0.9270 resistance.

The expected trend for today: Bearish

The NZDUSD pair settles around 0.6750 level since yesterday, providing signals to start intraday bullish wave that targets the bearish channel’s resistance that appears on the chart, which makes us expect to witness positive trades in the upcoming sessions, targeting 0.6845 level mainly.

Therefore, the bullish bias will be dominant for today unless breaking 0.6735 and holding below it.

The expected trading range for today is between 0.6735 support and 0.6810 resistance

The expected trend for today: Bullish

The AUDUSD pair bounced bullishly after leaning on the bearish channel’s support line, to head towards testing this channel’s resistance around 0.7115.

Therefore, the bullish bias will be suggested for today, noting that the expected rise is temporary, waiting to rebound bearishly to resume the main bearish trend within the mentioned channel, taking into consideration that breaching 0.7115 will lead the price to achieve more gains and start correctional bullish wave on the intraday basis.

The expected trading range for today is between 0.7030 support and 0.7115 resistance

The expected trend for today: Bullish temporarily

Brent oil price rallied upwards strongly yesterday to breach 72.70 level and close the daily candlestick above it, to activate the positive scenario on the intraday and short term basis, on its way to test 75.20 as a first target.

On the other hand, we notice that the price completed forming inverted head and shoulders’ pattern that has positive targets that surpass the mentioned level to reach 77.70, which makes us expect to witness more rise in the upcoming period conditioned by the price stability above 72.70 – 72.35 levels.

The expected trading range for today is between 71.00 support and 75.20 resistance.

The expected trend for today: Bullish