AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price is facing additional negative pressure to approach our waited target at 0.6500$.
• The way seems open to surpass this level and extend the bearish wave on the intraday basis, noting that the next negative target reaches 0.6410$.
• We will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.6570$ and hold above it.

Expected Trading Range

Between the support at 0.6480$ and the resistance at 0.6570$.

Brent Oil Price Analysis

Expected Scenario

• Brent oil price still confined between the trend keys represented by 87.67$ support and 88.55$ resistance.
• As we mentioned this morning, the price needs to surpass one of these levels to detect its next destination clearly, so we continue with our neutrality until now.
• Breaking the resistance will lead the price to regain the bullish track and achieve gains that start at 91.35$ and extend to 92.35$.
• Breaking the support will put the price under correctional bearish pressure, with its next target located at 84.77$.

Expected Trading Range

Between the support at 86.40$ and the resistance at 89.50$.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price shows some bullish bias to head towards potential test to the key resistance 83.90$.
• As long as the price is below this level, our bearish overview will remain valid for today.
• Breaching this level will stop the correctional bearish scenario and lead the price to regain the main bullish trend again.
• The next target of the expected bearish wave is located at 81.50$.

Expected Trading Range

Between the support at 81.00$ and the resistance at 83.00$.

Silver Price Analysis

Expected Scenario

• Silver price managed to break 26.90$ and closed the last four hours’ candlestick below it, to support the continuation of the expected bearish trend for today.
• This targets 26.00$ as a next negative station.
• Therefore, we are waiting for more expected decline in the upcoming sessions, noting that the continuation of the bearish wave requires holding below 26.90$.

Expected Trading Range

Between the support at 26.45$ and the resistance at 27.20$.