The AUDUSD price provides positive trades by today’s open to surpass the intraday bearish trend line and head towards achieving some expected bullish correction in the upcoming sessions, targeting 0.6350$ mainly.
Therefore, the bullish bias will be suggested for today, and breaching 0.6280$ will ease the mission to achieve the expected target, while breaking 0.6205$ will stop the expected rise and push the price to decline again.
The expected trading range for today is between 0.6200$ support and 0.6290$ resistance
Trend forecast: Bullish
Brent oil price surpassed 73.90$ level by today’s open and closed the last four hours’ candlestick above it, to start building bullish wave on the intraday basis, its targets begin by testing 75.36$ level, noting that breaching this level will extend the bullish wave to reach 76.84$.
Therefore, the bullish trend will be expected for today unless breaking 73.9$ and holding below it again.
The expected trading range for today is between 73.00$ support and 75.80$ resistance.
Trend forecast: Bullish
Crude oil price opened today with clear positivity to breach 70.58$ and attempt to hold above it, to start activating the bullish wave on the intraday basis and head towards achieving positive targets that start by visiting 72.15$ areas.
Therefore, the bullish bias will be suggested for the upcoming sessions, noting that failing to consolidate above 70.58$ will stop the expected rise and put the price within the sideways track again.
The expected trading range for today is between 69.40$ support and 72.40$ resistance
Trend forecast: Bullish
Silver price bounced bearishly after testing the EMA50 in the previous sessions, to settle below 29.63$ again, to keep the bearish trend scenario valid and active for the upcoming period, waiting to test 28.40$ as a first station.
Note that breaking the mentioned level will push the price to suffer additional losses that reach 27.00$ as a next negative station, while the expected decline will remain valid unless breaching 29.63$ - 29.85$ levels and holding above them.
The expected trading range for today is between 28.90$ support and 29.70$ resistance.
Trend forecast: Bearish