The USDCHF pair opens today’s trading with clear positivity to braech 0.9790 level and attempts to settle above it, reinforcing the expectations for the bullish trend continuation on the intraday and short term basis, easing the way towards targeting 0.9900 level as a next main station.
Therefore, our bullish trend expectations will remain active, supported by the EMA50, being aware that the trading below 0.9790 might push the price to test 0.9675 levels before any new attempt to rise.
Expected trading range for today is between 0.9750 support and 0.9880 resistance.
Expected trend for today: Bullish
The NZDUSD pair begins pressing on the critical support at 0.7108 to move below it now, which supports the continuation of the bearish trend expectations effecintly in the upcoming period, waiting for visting 0.7030 level as a next target, which represents 61.8% Fibonacci level for the bullish wave that appears in the image.
In general, the bearish bias will remain the dominant unless breaching 0.7185 level and holding above it.
Expected trading range for today is between 0.7010 support and 0.7185
Expected trend for today: Bearish
The AUDUSD pair begins today’s trading negatively to resume its bearish track that tragets visiting the previously recorded bottom at 0.7500 as a next station, keeping the bearish trend scenario active in the upcoming sessions, supported by the negative pressure that forms by the EMA50.
We should be aware that braeching 0.7650 will stop the expected decline and leads the price to begin recovery attempts that target 0.7743 levels initially.
Expected trading range for today is between 0.7500 support and 0.7650
Expected trend for today: Bearish
Brent oil price traded with clear negativity on yesterday’s evening to approach testing the key support 73.58, noticing that stochastic gets rid of its negativity and shows clear oversold signals, while the EMA50 provides continuous positive support to the price.
Therefore, we believe that the chances are valid to rebound bullishly and resume the main bullish trend that moves organized inside the bullish channels that appear on the chart, waiting to target 77.50 level mainly, noting that it is important to hold above 73.58 to continue the suggested bullish wave.
Expected trading range for today is between 73.00 support and 76.50 resistance.
Expected trend for today: Bullish