The USDCHF pair settles at the neckline of the double top pattern that appears on the chart, and the price falls under negative pressure provided by the EMA50, while stochastic overlaps negatively now.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, and breaking 0.9840 will confirm rallying towards negative targets that begin at 0.9800 and extend to 0.9730, while breaching 0.9892 represents positive factor that will stop the expected decline and push 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 opens today's trading with clear negativity to attack 0.6964 level and moves below it now, which urges caution from the upcoming trading, as holding below this level will stop the correctional bullish trend - suggested in our recent reports – and push the price to return to the main bearish track again.
Therefore, we prefer staying aside now and monitor the price behavior according to the mentioned level, especially that the EMA50 and stochastic provide positive signals that might protect the price from suffering more losses, noting that holding below 0.6964 will push the price to visit 0.6862 followed by 0.6780 levels as next main stations, while stepping above 0.6964 again will revive the correctional bullish scenario that its first target located at 0.7077.
Expected trading range for today is between 0.6780 support and 0.7050
Expected trend for today: Neutral
The tight range keeps dominating the AUDUSD pair's trades that keeps its stability above 0.7633 level, while stochastic approaches the oversold areas gradually.
Therefore, the bullish trend will remain valid for the upcoming period, supported by the EMA50 that carries the price from below, noting that our waited targets begin at 0.7727 and extend to 0.7820 after breaching the previous level, while holding above 0.7633 represents key condition to achieve the suggested targets.
Expected trading range for today is between 0.7600 support and 0.7750
Expected trend for today: Bullish
Brent oil price fluctuates at the sideways range resistance that dominates the recent trades, without managing to breach it until now, to keep our neutrality valid until now, waiting to breach 63.90 resistance or breaking 62.90 support to detect the next destination clearly.
The current contradiction between stochastic negativity and the EMA50 positivity provides another reason for neutrality, noting that breaching the above mentioned resistance will lead the price to continue the main bullish trend that its next target located at 66.80, while breaking the support will force the price to visit the main bullish channel's support around 60.00 before any new attempt to rise.
Expected trading range for today is between 62.50 support and 66.00 resistance.
Expected trend for today: Depends on the above mentioned levels