The USDJPY price shows calm negative trades to move near 151.00 barrier, and we still suggest the bearish bias on the intraday basis, depending on the consolidation of the recently recorded high at 151.81 against the positive attempts, waiting to test 150.55 as a first station.

Breaking 151.00 will reinforce the expectations to decline, and surpassing the suggested target will extend the bearish wave to reach 149.77 as a next correctional target, while the expected decline will remain valid unless the price rallied to breach 151.81 and hold with a daily close above it.

The expected trading range for today is between 150.50 support and 151.80 resistance

Trend forecast: Bearish

The USDCHF pair shows some slight bearish bias, as it was affected by stochastic negativity, noticing that the indicator reaches the oversold areas now, waiting to motivate the price to resume the main bullish trend, which its next target extends to reach 0.9105.

Therefore, we will continue to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, noting that the continuation of the bullish wave depends on the price stability above 0.8935 as the first protection factor to the positive scenario.

The expected trading range for today is between 0.8915 support and 0.9050 resistance.

Trend forecast: Bullish

The NZDUSD price ended last Friday below 0.6000$ level, to support the chances of continuing the domination of the bearish trend and open the way to target 0.5915$ areas as a next main target.

Therefore, we will continue to suggest the bearish trend on the intraday basis, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 0.6070$ will stop the negative scenario and push the price to turn to rise.

The expected trading range for today is between 0.5950$ support and 0.6040$ resistance

Trend forecast: Bearish

The AUDUSD price continued to decline to reach few pips away from our waited target at 0.6500$, showing some slight bullish bias by today’s open, affected by stochastic positivity, and it might test the key resistance 0.6570$ before turning back to decline again.

The EMA50 forms negative pressure that supports the continuation of the bearish trend domination in the upcoming period, noting that breaking 0.6500$ will push the price towards 0.6450$ followed by 0.6410$ levels, while breaching 0.6570$ represents the key to start recovery attempts and achieve gains that start by visiting 0.6640$.

The expected trading range for today is between 0.6470$ support and 0.6565$ resistance

Trend forecast: Bearish