The USDCHF pair trades within sideways track in the previous sessions, affected by stochastic negativity to show some bearish bias now, while the EMA50 continues to provide the positive support to the price, to continue suggesting the bullish trend for the upcoming period, which targets 0.8995 mainly.
Holding above 0.8890 represents major condition to continue the expected rise, as breaking it will force the price to decline and head to visit 0.8825 as a main negative target.
The expected trading range for today is between 0.8850 support and 0.8990 resistance.
The expected trend for today: Bullish
The NZDUSD pair shows bullish bias now to attempt to surpass 0.5900 level, but we notice that the EMA50 forms negative pressure against the price, which might push the price to decline again.
Therefore, the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend, noting that the continuation of the rise and breaching 0.5925 will push the price to achieve additional gains that reach 0.6020, while trading below 0.5900 again will push the price to resume the bearish track that its targets begin at 0.5820 and extend to 0.5750.
The expected trading range for today is between 0.5850 support and 0.5970 resistance
The expected trend for today: Neutral
The AUDUSD pair trades positively by today’s open to attack 0.6400 level and attempts to hold above it, to hint heading to recover and achieve gains on the intraday basis, but it faces negative factors that might push the price to decline again.
Therefore, we prefer to stay aside until the price confirms its situation according to the mentioned level, noting that confirming breaching it will lead the price to visit 0.6545 areas initially, while consolidating below it will push the price to resume the bearish trend that targets 0.6300 areas on the near term basis.
The expected trading range for today is between 0.6360 support and 0.6470 resistance
The expected trend for today: Neutral
Brent oil price provided additional positive trades to approach 91.50 level, but it returned to decline to attempt to resume the expected bearish correction on the intraday basis, motivated by the negative overlapping signal provided by stochastic now, reminding you that the first target is located at 89.25.
On the other hand, we should note that breaching 91.50 will push the price to continue the main bullish wave and head to achieve gains that start by visiting 93.60 areas.
The expected trading range for today is between 89.00 support and 91.00 resistance.
The expected trend for today: Bearish