The AUDUSD pair attempts to breach 0.7650 level now, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested correctional bearish scenario and lead the price to regain the main bullish trend again, to head towards testing 0.7765 initially.

Therefore, we prefer to stay neutral until the price confirms its situation according to the mentioned level, noting that consolidating below it and breaking 0.7615 will press on the price to decline again and head towards 0.7500 as a next negative target.

The expected trading range for today is between 0.7590 support and 0.7700 resistance

The expected trend for today: Neutral

Brent oil price traded with clear positivity on yesterday’s evening to breach 64.85 and settles above it, which push the price to resume the main bullish trend, to head towards 66.90 followed by 68.50 levels as next main targets.

Moving above the EMA50 supports the expected rise, noting that breaking 64.85 will put the price under new negative pressure that targets testing 62.94 initially.

The expected trading range for today is between 64.00 support and 67.00 resistance.

The expected trend for today: Bearish

Crude oil price surpassed 61.25 and closed the daily candlestick above it, to activate the bullish trend scenario in the upcoming sessions, on its way to achieve gains that start at 63.30 and extend to 65.00.

Therefore, we suggest witnessing more rise on the intraday and short term basis, noting that breaking 61.25 will stop the positive scenario and press on the price to attempt to return to the correctional bearish track again.

The expected trading range for today is between 60.50 support and 63.30 resistance.

The expected trend for today: Bullish

Silver price shows more bearish bias to head gradually towards our waited negative target at 24.00, organized inside the bearish channel that appears on the chart, supported by the EMA50 that presses negatively on the price.

Therefore, the bearish trend scenario will remain active for the upcoming period, noting that surpassing the mentioned level will extend the bearish wave to reach 22.90 as a next main station, while the decline will remain valid unless the price rallied to breach 25.50 and hold above it.

The expected trading range for today is between 24.00 support and 25.00 resistance.

The expected trend for today: Bearish