The AUDUSD pair kept its stability above 0.7290 level, and begins to test 0.7325 again, waiting to surpass this level to confirm rallying towards our next expected target at 0.7360.
In general, we will continue to suggest the bullish trend that gets good support by the EMA50 unless breaking 0.7290 and holding below it.
The expected trading range for today is between 0.7280 support and 0.7370 resistance
The expected trend for today: Bullish
Brent oil price shows new positive trades by today’s open to breach 83.20 level and reinforce the expectations of continuing the bullish trend, opening the way to head towards our next waited target at 84.00, and we expect the continuation of the bullish wave to head towards 86.45 areas as a next main station.
Therefore, the bullish trend will remain dominant in the upcoming sessions, noting that breaking 82.05 will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 82.00 support and 85.00 resistance.
The expected trend for today: Bullish
Crude oil price opened today’s trading with strong positivity to surpass our waited target at 80.35 and reach the thresholds of the bullish channel’s resistance, waiting to test 81.50 level as a next positive station, and we suggest the continuation of the bullish trend domination on the short term and medium term basis, noting that surpassing the last level will push the price to 82.85 areas direct.
Therefore, the bullish trend will remain valid and active in the upcoming sessions, taking into consideration that failing to breach 81.50 will lead the price to start bearish wave that targets testing 79.40 areas initially, and breaking this level will extend the bearish wave to reach 76.15 areas on the near term basis.
The expected trading range for today is between 79.40 support and 83.30 resistance.
The expected trend for today: Bullish
Silver price attempted to breach 22.90 level but it returned to hold below it, which keeps the bearish trend scenario valid and active for the upcoming period, which moves organized inside the main bearish channel that appears on the chart, waiting to head towards 21.65 as a first main target.
Note that breaching 22.90 will push the price to test the main resistance 23.45 before any new attempt to decline.
The expected trading range for today is between 22.20 support and 23.00 resistance.
The expected trend for today: Bearish