The USDCHF pair trading settles below the previously broken support that appears in the image, while stochastic provides negative overlapping signal on the four hours time frame, which supports the continuation of our bearish trend expectations in the upcoming sessions, reminding you that our next target at 0.9254.

Therefore, the decline will remain preferred on the intraday basis unless breaching 0.9424 level and holding above it.

Expected trading range for today is between 0.9300 support and 0.9424 resistance.

Expected trend for today: Bearish

The NZDUSD pair rallied higher clearly to begin testing the critical resistance at 0.7281 after finidng strong support at 0.7185 level, which signals that the price got enough by its bearish correction until now, but we notice that stochastic and the EMA50 are providing negative signals now, which might form an obstacle against the price positive attempts.

Therefore, we prefer staying aside until the price confirms its next trend clearly, pointing that breaching 0.7281 will confirm the continuation of the bullish trend on the short term basis, and the next target at 0.7436, while breaking 0.7185 will push the price to extend the bearish correctional wave to 0.7107 then 0.7030 before any new attempt to rise.

Expected trading range for today is between 0.7185 support and 0.7370

Expected trend for today: Depends on the above mentioned levels

The AUDUSD pair opened today’s trading with clear positivity to breach 0.7820 level and closes the last four hours candlestick above it, which pushes the price to acieve more of the upside moves in the upcoming sessions, easing the way towards regaining the main bullish trend, and the positive targets begin at 0.7936.

Therefore, the bullish trend will be preferred for today unless breaking 0.7820 level and holding below it again.

Expected trading range for today is between 0.7760 support and 0.7936

Expected trend for today: Bullish

Brent oil price approached from our waited target at 61.71, and opens today with a bullish price gap that puts the price near the critical resistance at 64.00, which provides signals for the price attempt to regain the bullish trend and compensate the losses that suffered in the last sessions.

The price faces contradiction between stochastic positivity and the negative pressure that comes from the EMA50, which makes us stay aside temporarily until getting clearer signal for the next trend, which we will get it by breaching one of the critical levels that represented by 61.70 support and 64.00 resistance.

Note that breaching the mentioned resistance will lead the price to achieve positive targets that begin at 65.40 and extend to 67.68, while breaking the support will push the price to keep declining and head to 61.08 then 60.00 as a next main station.

Expected trading range for today is between 62.00 support and 65.40 resistance.

Expected trend for today: Depends on the above mentioned levels