The AUDUSD pair touched our first waited target at 0.7275 and bounced downwards strongly from there, to break 0.7205 and open the way to return to the main bearish track, to stop the bullish correction that dominated the recent trades and head to achieve negative targets that start at 0.7125 and extend to 0.7000.

Therefore, the bearish bias will be suggested for the upcoming period unless the price rallied to breach 0.7205 followed by 0.7275 levels and hold above them.

The expected trading range for today is between 0.7110 support and 0.7225 resistance

The expected trend for today: Bearish

Brent oil price touched our first waited target at 80.80 and bounced bearishly from there, to test the bullish channel’s support line now, waiting to resume the bullish wave that its targets extend to 81.90 after surpassing the previous level.

The EMA50 continues to support the expected rise, noting that breaking 79.10 will press on the price to achieve additional decline and test 77.70 areas before any new attempt to rise.

The expected trading range for today is between 78.00 support and 81.00 resistance.

The expected trend for today: Bullish

Crude oil price found good resistance around 78.50, to rebound bearishly and test the bullish channel’s support line that appears on the chart, accompanied by stochastic gain to the positive momentum gradually, waiting to motivate the price to resume the main bullish trend, which targets 79.80 as a next station.

Therefore, the positive scenario will remain valid and active, noting that breaking 76.40 will stop the expected rise and press on the price to decline towards 73.60 areas before any new attempt to rise.

The expected trading range for today is between 75.40 support and 78.50 resistance.

The expected trend for today: Bullish

Silver price tested the key resistance 23.15 and bounced downwards strongly from there, which keeps the bearish trend scenario valid and active for the upcoming period, supported by the formation of triple top pattern that appears on the chart.

Therefore, we are waiting for more decline in the upcoming sessions, and breaking 22.60 will provide strong positive that supports the expectations of achieving the waited negative targets at 22.20 followed by 22.00, reminding you that the continuation of the bearish wave requires holding below 23.15.

The expected trading range for today is between 22.00 support and 23.00 resistance.

The expected trend for today: Bearish