The AUDUSD price awaits confirmed break – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:47AM UTC
AUDUSD Price Analysis
Expected Scenario: Bearish Momentum
- The AUDUSD price failed to sustain below the $0.6500 level for an extended period, exhibiting temporary positive trades and hovering around $0.6510$. However, the EMA50 continues to exert negative pressure on the price, supporting the likelihood of a continued bearish wave in the near future, with targets at $0.6450 followed by $0.6410.
- Stochastic is showing signs of losing positive momentum, further supporting the expected decline, which remains valid unless the price rallies to breach $0.6570 and holds above it.
Expected Trading Range for Today
- Support: $0.6460
- Resistance: $0.6550
Trend Forecast: Bearish
Brent oil price surpasses the first target – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:46AM UTC
Brent Oil Price Analysis
Expected Scenario: Bullish Trend
- Brent oil price rallied upwards clearly yesterday, achieving the first awaited target at $87.40.
- The price breached this level and closed positively above it, reinforcing the expectations of continuing the bullish trend domination.
- Our next main target extends to $90.00.
- Stochastic negativity might cause temporary sideways fluctuation before resuming the expected rise.
- The bullish trend remains valid conditioned by price stability above $87.40.
Expected Trading Range for Today
- Support: $86.20
- Resistance: $89.30
Trend Forecast: Bullish
Crude oil price reaches the target – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:46AM UTC
Crude Oil Price Analysis
Expected Scenario: Bullish Trend
- Crude oil price succeeded in reaching the $83.56 level.
- Market reopening is awaited to resume the bullish wave on the intraday and short-term basis.
- Breaching the $83.56 level is crucial for targeting $85.00 as the next main objective.
- We anticipate the continuation of the bullish trend, supported by the EMA50.
- Consolidation above $83.56 against positive attempts may trigger bearish rebounds, targeting $82.25 areas.
Expected Trading Range for Today
- Support: $82.20
- Resistance: $85.00
Trend Forecast: Bullish
Silver price breaches the resistance - Forecast today - 29-03-2024
Economies.com
2024-03-29 01:45AM UTC
Silver Price Analysis
Expected Scenario: Bullish Trend
- Silver price ended yesterday with clear positivity, breaching the $24.85 level and closing the daily candlestick above it.
- This activates the positive scenario on the intraday basis and signals a resumption of the main bullish trend.
- We anticipate the price heading towards achieving positive targets, starting at $25.50 and extending to $26.07.
- The bullish bias will likely persist in the upcoming sessions, supported by stochastic positivity.
- Failing to consolidate above $24.85 might trigger a new bearish correction, with initial targets around the $24.30 level.
Expected Trading Range for Today
- Support: $24.70
- Resistance: $25.40
Trend Forecast: Bullish
Frequently asked questions
What is the price of AUD/USD today?
The price of AUD/USD is $0.6526 (2025-07-16 08:05AM UTC)