AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price settles around 0.6670$ level since yesterday, waiting to resume the expected bullish wave on the intraday basis, which its next target located at 0.6728$.
• Stochastic negativity interprets the reasons of the current sideways fluctuation, waiting to gather positive momentum that assist to resume the expected rise, which will remain valid unless breaking 0.6640$ and holding below it.

Expected Trading Range

Between 0.6620$ support and 0.6720$ resistance

Brent Oil Price Analysis

Expected Scenario

• Brent oil price shows some bearish bias approaching to test the key support base at 84.77$.
• Stochastic is moving out of its negative momentum towards oversold areas, waiting for a positive trigger to resume the expected bullish trend for the upcoming period.
• Main targets for the bullish trend are 85.80$ followed by 87.67$ levels.
• The EMA50 continues to support the suggested bullish wave, which remains valid unless the price breaks below 84.77$ and holds below it.

Expected Trading Range

Between 84.00$ support and 87.00$ resistance

Crude Oil Price Analysis

Expected Scenario

• Crude oil price managed to touch the 81.50$ level and encountered solid resistance, showing slight bearish bias by moving below the 81.00$ barrier.
• Waiting for a positive motive that could assist in pushing the price to resume the bullish wave within the bullish channel visible on the chart, aiming to achieve additional gains up to 82.25$ followed by 83.90$.
• Breaking below 80.50$ will halt the expected rise and may push the price to test the key support at 79.55$ before any new positive attempt.

Expected Trading Range

Between 79.70$ support and 82.60$ resistance

Silver Price Analysis

Expected Scenario

• Silver price opened today with a strong rise to breach 30.06$ and attempts to hold above it, hinting at an attempt to build a bullish wave and recover in the upcoming sessions.
• We prefer to stay aside until the price confirms its situation according to the mentioned level to confirm the next destination clearly. Stochastic indicator shows signs of losing its positive momentum, which might force the price to decline again.

Expected Trading Range

Between 29.65$ support and 30.60$ resistance