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USDCHF tests the resistance – Analysis - 05-12-2017

Economies.com
2017-12-05 04:55AM UTC

The USDCHF pair tested the correctional bearish channel's resistance that appears on the chart and kept its stability below it, accompanied by witnessing clear negative signals through stochastic, which supprots the chances of bouncing bearishly to resume the bearish bias in the upcoming sessions, waiting to test 0.9800 level.

 

Therefore, we suggest witnessing negative trading on the intraday and short term basis, and breaking 0.9800 will push the price to head towards 0.9730 direct, while the expected decline will remain valid unless the price managed to breach 0.9892 and hold with a daily close above it.

 

Expected trading range for today is between 0.9750 support and 0.9900 resistance.

 

Expected trend for today: Bearish

NZDUSD within continuation pattern – Analysis - 05-12-2017

Economies.com
2017-12-05 04:55AM UTC

The NZDUSD pair shows some bullish bias now to surpass the EMA50, noticing that the recent trades are confined inside symmetrical triangle pattern that appears on the chart, which means that breaking it support at 0.6825 will push the price to continue the overall bearish trend that targets testing 0.6780 level initially.

 

Therefore, we will keep our bearish overview unless breaching 0.6964 level and holding above it, as breaching this level will push the price to start short term bullish correction, its main targets begin at 0.7077.

 

Expected trading range for today is between 0.6800 support and 0.6964

 

Expected trend for today: Bearish

AUDUSD begins positively – Analysis - 05-12-2017

Economies.com
2017-12-05 04:55AM UTC

The AUDUSD pair opens today's trading with strong positivity affected by the RBA rate statement, to attack 0.7633 and attempts to hold above it, witnessing signs of double bottom pattern that might push the price to achieve more gains, but we need to confirm the stability above the mentioned level to confirm the turn to rise.

 

Therefore, we prefer staying aside temporarily in order to monitor the price behavior according to 0.7633 level, as holding above it will push the price towards 0.7727 initially, while trading below it again will reactivate the bearish trend scenario that its next target located at 0.7516.

 

Expected trading range for today is between 0.7550 support and 0.7720

 

Expected trend for today: Neutral

Brent Oil tests the support – Analysis - 05-12-2017

Economies.com
2017-12-05 04:54AM UTC

Brent oil price provided clear negative trades yesterday to test the key support 62.35 and keeps its stability above it, accompanied by witnessing positive overlapping signal through stochastic now, to keep the price stable within the symmetrical triangle that appears on the chart, waiting to rebound bullishly to test this triangle's resistance at 63.60.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 62.35 level, noting that breaching 63.60 is required to confirm extending the bullish wave towards 64.63 followed by 66.25 as next main targets.

 

Expected trading range for today is between 61.50 support and 65.00 resistance.

 

Expected trend for today: Bullish

Frequently asked questions

What is the price of USD/CHF today?

The price of USD/CHF is $0.7967 (2025-07-11 21:35PM UTC)