The USDCHF pair managed to touch our waited target at 0.9345 and settles there, waiting to breach this level to confirm extending the bullish wave on the short term and medium term basis, reminding you that the extended targets reach 0.9400 followed by 0.9470.
The EMA50 continues to support the expected rise, which will remain valid conditioned by the price stability above 0.9265.
The expected trading range for today is between 0.9280 support and 0.9380 resistance.
The expected trend for today: Bullish
The NZDUSD pair bounced downwards strongly after retesting 0.6955 level that was broken previously, to approach our extended target at 0.6875 now, expecting to surpass this level to open the way to achieve additional negative targets that reach 0.6800 areas.
Therefore, the bearish bias will remain expected for the upcoming period, taking into consideration that breaching 0.6955 followed by 0.7005 levels will stop the expected decline and push the price to turn to rise.
The expected trading range for today is between 0.6840 support and 0.6940 resistance
The expected trend for today: Bearish
The AUDUSD pair opens today’s trading with new negativity to approach our waited target at 0.7170, and continues to move inside the bearish channel that has additional negative targets that surpass the mentioned level to reach 0.7135.
Therefore, the bearish trend will remain suggested and dominant in the upcoming sessions unless breaching 0.7260 and holding above it.
The expected trading range for today is between 0.7150 support and 0.7240 resistance
The expected trend for today: Bearish
Brent oil price rose strongly yesterday to breach 80.80 level and settles above it, which hints heading to resume the main bullish trend and stop the correctional bearish wave, but we prefer to stay aside until the price confirms its situation according to the mentioned level followed by detecting the next trend clearly, as stochastic shows negative signals that might press on the price to decline again.
Note that consolidating above 80.80 will lead the price to achieve additional gains that start at 82.40 and extend to 83.60, while breaking it and trading below it will reactivate the correctional bearish trend scenario that its first target located at 77.70.
The expected trading range for today is between 79.50 support and 82.50 resistance.
The expected trend for today: Neutral