AUDUSD Price Analysis

Expected Scenario

The AUDUSD price exhibited clear positivity yesterday, testing the 0.6600$ barrier and indicating an attempt to recover on the intraday basis. However, today, the price started with a bearish bias, influenced by stochastic negativity, suggesting a potential resumption of the bearish wave in the upcoming sessions.

The initial targets for the bearish wave start with breaking the 0.6570$ level, paving the way for a decline towards 0.6500$.

Expected Trading Range for Today

Between the support at 0.6540$ and the resistance at 0.6640$

Brent Oil Price Analysis

Expected Scenario

The Brent oil price continues to fluctuate around the $84.77 level, maintaining a daily close below it, suggesting a bearish trend for the near future with a target of $82.40.

The EMA50 is exerting negative pressure, supporting the continuation of the expected bearish wave, which is based on the completion of a double top pattern visible on the chart. Breaking above $84.77, followed by surpassing $85.80, would invalidate the expected decline and signal a potential attempt to regain the main bullish trend.

Expected Trading Range for Today

Between the support at $83.00 and the resistance at $86.00

Crude Oil Price Analysis

Expected Scenario

The crude oil price is hovering around the $79.60 level and is making attempts to confirm a breach. However, it faces strong resistance from the EMA50, while stochastic indicators show a clear loss of positive momentum.

Therefore, there is a likelihood of the correctional bearish trend resuming, especially given the completion of the double top pattern. Our target remains at $77.64. However, a breach of $79.80 would invalidate the expected decline and lead to further gains, with the next major target at $81.50.

Expected Trading Range for Today

Between the support at $78.00 and the resistance at $81.00

Silver Price Analysis

Expected Scenario

The silver price successfully reached our anticipated target at $28.00 and surpassed it, with the daily candlestick closing above this level. This confirms the continued dominance of the bullish trend and sets the stage for further gains in the short-term and intraday periods. The next targets are set at $28.90 and $29.80.

Therefore, we maintain our bullish outlook for the foreseeable future. It's important to note that a break below $28.00 would halt the bullish momentum and reintroduce correctional bearish pressure.

Expected Trading Range for Today

Between the support at $28.00 and the resistance at $28.80