The USDCHF pair surpassed the correctional bearish channel's resistance yesterday to test the most important resistance at 0.9892, as the price keeps its stability below this level until now, which keeps the bearish trend scenario valid until now, supported by the negative overlapping signal that stochastic begins to provide now.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, and the first target is represented by breaking 0.9800 level to confirm extending the bearish wave towards 0.9730, noting that breaching 0.9892 will stop the current correctional bearish scenario and lead the price to return to the main bullish trend again.
Expected trading range for today is between 0.9770 support and 0.9900 resistance.
Expected trend for today: Bearish
The NZDUSD pair hovers around the EMA50, and it's still within the symmetrical triangle that appears on the above chart, waiting to break 0.6825 support to activate this pattern's effect that will ease the mission of surpassing the recently recorded low at 0.6780 followed by opening the way to head towards 0.662 as a next main station.
In general, we will keep our bearish overview in the upcoming period unless breaching 0.6964 and holding with a daily close above it.
Expected trading range for today is between 0.6800 support and 0.6964
Expected trend for today: Bearish
The AUDUSD pair bounced downwards strongly yesterday after attempting to breach 0.7633, to settle below this level again, heading towards the key support 0.7516.
Therefore, the bearish trend scenario returns to dominate the intraday and short term trading, noting that breaking 0.7516 will push the price towards 0.7415 direct, while holding below 0.7633 represents key condition to continue the expected decline.
Expected trading range for today is between 0.7500 support and 0.7633
Expected trend for today: Bearish
Brent oil price provided positive trading after testing 62.35 level and holding above it, to keep the bullish trend scenario valid for the upcoming period, noting that breaching 63.55 will ease the mission of continuing the main bullish track, which its targets begin by testing the previously recorded top at 64.63, and extend to reach 66.30 on the near term basis.
Holding above 62.35 is important to achieve the suggested targets, as breaking it will push the price to visit 60.95 level before any new positive attempt.
Expected trading range for today is between 61.50 support and 65.00 resistance.
Expected trend for today: Bullish