The USDCHF pair retests the previously broken 23.6% Fibonacci correction level, accompanied by stochastic reach to the overbought areas now, forming negative factor that we expect to push the price to resume the correctional bearish trend, which its next target located at 0.9800.

Therefore, the bearish trend will remain expected in the upcoming sessions unless the price rallied to breach 0.9910 followed by 0.9965 levels and hold above them.

Expected trading range for today is between 0.9800 support and 0.9940 resistance.

Expected trend for today: Bearish

The NZDUSD pair bounced downwards clearly after testing the EMA50 that formed solid resistance against the price recent positive attempts, to resume the bearish track and approach our first waited target at 0.6818, reminding you that breaking this level will push the price towards 0.6618 as a next main station.

We should note that breaching 0.6992 will stop the expected decline and push the price to start bullish correction that targets 0.7100 areas before any new attempt to decline.

Expected trading range for today is between 0.6780 support and 0.6925

Expected trend for today: Bearish

The AUDUSD pair settles below 0.7633 level, to keep the negative pressure valid on the intraday and short term basis, supported by the EMA50 that keeps pushing the price downwards, noting that our next target is located at 0.7516.

Therefore, we are waiting for more decline in the upcoming sessions, conditioned by the price stability below 0.7633.

Expected trading range for today is between 0.7500 support and 0.7650

Expected trend for today: Bearish

Brent oil price shows calm positive trading to approach the initial resistance at 62.35, and the price might need to breach this level to confirm opening the way to continue the main bullish trend, which its next target located at 64.63.

In general, we will continue to suggest the bullish trend in the upcoming period conditioned by holding above 60.95, as breaking this level will push the price to extend its bearish correction towards 58.67 arease before any new positive attempt, while breaching 64.63 represents the key to rally towards 70.00$ per barrel areas.

Expected trading range for today is between 61.00 support and 64.63 resistance.

Expected trend for today: Bullish