The AUDUSD keeps rising – Analysis - 04-08-2022

Brent oil price broke 102.25 level strongly and reached 100.00$ barrier, reinforcing the expectations of continuing the bearish trend efficiently for the upcoming sessions, reminding you that our next target is located at 99.25, and we expect to surpass this level to head towards 95.90 as a next main station.

Crude oil price traded with strong negativity to approach our main waited target at 89.60, and we suggest the continuation of the negative pressure after the return to the bearish channel that appears on the chart to head towards achieving more negative targets on the intraday and short term basis, noting that the next target reaches 87.40.

Silver price continues to fluctuate around 20.00 level, getting continuous positive support by the EMA50, thus, our bullish overview will remain valid as it is without any change, which depends on the price stability above 19.60, reminding you that our waited targets begin at 20.50 and extend to 21.00.