The USDCHF pair approached the key resistance 0.9892 yesterday and bounced bearishly from there, as this resistance represents one of the next trend keys besides 0.9800 support, and we still waiting to breach one of these levels to detect the next targets clearly, to keep our neutrality valid until now, especially that there is a contradiction between stochastic positivity and the negative pressure formed by the EMA50.

Note that breaking 0.9800 will push the price for more bearish correction that its next target reaches 0.9730, while breaching 0.9892 will stop the mentioned bearish correction and push the price to return to the main bullish trend, which its first target located at 1.0038.

Expected trading range for today is between 0.9760 support and 0.9920 resistance.

Expected trend for today: Depends on the above mentioned levels

The NZDUSD pair shows more decline to approach our first target at 0.6780, waiting to break this level to open the way to target 0.6670 level as a next main station.

The EMA50 forms continuous negative pressure to support the expectations to decline, while holding below 0.6862 represents initial condition to continue the expected decline.

Expected trading range for today is between 0.6740 support and 0.6900

Expected trend for today: Bearish

The AUDUSD pair shows calm negative trades to crawl gradually towards our first waited target at 0.7516, as the price falls under continuous negative pressure provided by the EMA50, to support the chances of continuing the decline in the upcoming period.

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis conditioned by holding below 0.7633, reminding you that breaking 0.7516 will extend the bearish wave to reach 0.7415.

Expected trading range for today is between 0.7480 support and 0.7633

Expected trend for today: Bearish

Brent oil price keeps its stability above 62.35 level, noticing that last month's trades are confined inside symmetrical triangle pattern that its signs appear on the above chart, thus, the price needs to breach this pattern's resistance at 63.75 to get positive motive that supports the chances of continuing the main bullish trend, which will ease the mission of breaching the recently recorded top at 64.63 and open the way to extend the price gains to reach 70.00$ per barrel barrier.

Therefore, we believe that the chances are valid to continue the main bullish trend, noting that breaking 62.35 will push the price to visit 60.95 areas initially before any new attempt to rise.

Expected trading range for today is between 61.80 support and 65.00 resistance.

Expected trend for today: Bullish