The USDCHF pair trades with clear negativity to test the support base that was formed above 0.9265 level, accompanied with stochastic reach to the oversold levels, waiting for motivating the price to resume the main bullish trend, which targets testing 0.9345 level initially.

You should be aware that breaking 0.9265 level will put the price under extra negative pressures to head towards 0.9200 level directly.

The expected trading range for today is between 0.9230 support and 0.9345 resistance.

The expected trend for today: Bullish

The NZDUSD pair opens today’s trading with clear positivity to move above 0.7005, in its way to for a potential test for the initial resistance at 0.7050, while the negative scenario remains valid if the price settled below 0.7090, where breaching this level will lead the price to regains the main bullish trend.

Note that breaking 0.7005 is required to reinforce the expectations for the bearish trend, targeting 0.6955 level as a next negative station.

The expected trading range for today is between 0.6960 support and 0.7070 resistance

The expected trend for today: Overall bearish

The AUDUSD pair finds a strong support at 0.7260 level, showing some of the bullish bias moves now, and it might heads to test 0.7315 levels before it return to decline again.

Until now, the bearish trend scenario remains active if the price settled below 0.7315, supported by the negative pressure that comes from the EMA50, reminding you that breaking 0.7260 level will push the price to 07200 then 0.7170 mainly.

The expected trading range for today is between 0.7220 support and 0.7315 resistance

The expected trend for today: Bearish

Brent oil price managed to break 80.80 level and decline strongly to confirm the continuation of the correctional bearish wave, and we believe that the way is open to visit 38.2% Fibonacci correction level at 77.70, supported by the negative pressure formed by the EMA50.

Therefore, the bearish trend scenario will remain valid and active in the upcoming sessions, noting that breaching 80.80 will stop the expected decline and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 77.70 support and 80.50 resistance.

The expected trend for today: Bearish