The USDCHF pair confirmed breaching 0.9892 level after closing the daily candlestick above it, which turns the intraday and short term track to rise, paving the way to resume the bullish trend that was stopped for some bearish correction recently.
Therefore, the bullish trend will be suggested for today, and the first target is located at 1.0038, noting that breaking 0.9892 will put the price under the correctional bearish pressure again.
Expected trading range for today is between 0.9850 support and 0.9970 resistance.
Expected trend for today: Bullish
The NZDUSD pair continues to provide calm positive trades to head towards our first waited target at 0.7077, keeping the bullish trend active in the upcoming period, reminding you that breaching the mentioned level will extend the correctional bullish wave to reach 0.7170.
Holding above 0.6964 is key condition to continue the expected rise, as breaking it will push the price to return to the main bearish trend again.
Expected trading range for today is between 0.6960 support and 0.7100
Expected trend for today: Bullish
The AUDUSD pair tested the support base formed above 0.7633 and kept its stability above it, accompanied by stochastic reach to the oversold areas, to keep the bullish trend scenario active in the upcoming period, supported by the EMA50 that pushes the price from below, waiting to visit 0.7727 as a first target.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, reminding you that holding above 0.7633 represents key condition to continue the expected rise.
Expected trading range for today is between 0.7600 support and 0.7750
Expected trend for today: Bullish
Brent oil price shows more sideways trades around the bearish channel's resistance and around the EMA50, without managing to breach the mentioned resistance, noticing that stochastic approaches the oversold areas, to provide positive chances to resume the main bullish trend.
Therefore, we prefer staying aside temporarily until we get clearer signal for the next trend, which we will get through breacing one of the key levels represented by 62.90 support and 63.90 resistance, as breaking the mentioned support will push the price to target 60.00 areas before any new attempt to rise, while breaching the resistance will push the price to resume the main bullish trend that its targets begin at 64.90 and extend to 66.55.
Expected trading range for today is between 61.50 support and 64.90 resistance.
Expected trend for today: Depends on the above mentioned levels