The USDCHF pair couldn’t hold for long time above 0.9345, to trade negatively and head towards potential test to 0.9265 areas, making the bearish bias suggested in the upcoming sessions.
On the other hand, we should note that breaching 0.9345 and holding above it again will reactivate the bullish trend scenario that targets 0.9400 areas initially.
The expected trading range for today is between 0.9265 support and 0.9350 resistance.
The expected trend for today: Bearish
The NZDUSD pair shows positive trades and attempts to confirm surpassing 0.6890 level, but we notice that stochastic loses its positive momentum, and the negative effect of the double top pattern still active, which encourages us to suggest the bearish bias in the upcoming sessions, waiting to visit 0.6805 as a next target.
We should note that failing to trade below 0.6890 again will lead the price to achieve additional gains that reach 0.6990.
The expected trading range for today is between 0.6840 support and 0.6930 resistance
The expected trend for today: Bearish
The AUDUSD pair provided clear positive trades yesterday to test the first key resistance 0.7225, keeping its stability below it, to keep the bearish trend scenario active for the upcoming period, waiting to head towards 0.7100 that represents our next main target.
The bearish channel organizes the expected bearish wave, which will remain valid unless the price rallied to breach 0.7225 followed by 0.7280 levels and holding above them.
The expected trading range for today is between 0.7150 support and 0.7255 resistance
The expected trend for today: Bearish
Brent oil price returned to decline after testing 79.00 level, to press on the key support 77.80 again, rienforcing the chances of continuing the expected bearish trend in the upcoming period, which targets testing 77.00 mainly.
Therefore, the negative scenario will remain valid and active, and breaking the targeted level will extend the correctional bearish wave to reach 74.70 as a next target, while the expected decline will remain valid unless breaching 79.40 and holding above it.
The expected trading range for today is between 77.00 support and 79.50 resistance.
The expected trend for today: Bearish