The USDCHF pair rallied upwards clearly yesterday to reach our waited target at 0.9900, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which gets continuous positive support by the EMA50, waiting for more rise that its next target located at 0.9976.
Therefore, the bullish trend will remain dominant in the upcoming sessions unless breaking 0.9790 and holding below it.
Expected trading range for today is between 0.9820 support and 0.9976 resistance.
Expected trend for today: Bullish
The NZDUSD pair shows sideways trading since yesterday, and it keeps its stability below 0.7108, while stochastic provides negative overlapping signal now.
Therefore, we believe that the chances are valid to resume the bearish trend that targets 0.7030 as a next station, reminding you that breaking this level will push the price towards 0.6934 direct, while the bearish trend will remain valid unless breaching 0.7108 and the most important 0.7185 and holding above them.
Expected trading range for today is between 0.6980 support and 0.7120
Expected trend for today: Bearish
The AUDUSD pair resumes its negative trades calmly to gradually approach our main waited target at 0.7500, to keep the bearish trend dominant on the intraday and short term basis, supported by the EMA50, noting that breaking the mentioned level will extend the pair’s losses to reach 0.7370 as a next station.
Holding below 0.7650 represents key condition to continue the suggested bearish wave.
Expected trading range for today is between 0.7470 support and 0.7600
Expected trend for today: Bearish
Brent oil price settles above the key support 73.58, to keep the bullish trend scenario active for the upcoming period, organized inside the bullish channels that appear on the chart, noting that we need to get enough positive momentum to push the price to continue risigin.
Our next main target is located at 77.60, reminding you that breaking 73.58 will push the price to turn to decline and visit 70.75 areas before any new positive attempt.
Expected trading range for today is between 73.00 support and 76.50 resistance.
Expected trend for today: Bullish