The AUDUSD price bounced upwards clearly after consolidating above 0.6450$ areas, to head towards potential test to the bearish channel’s resistance line around 0.6600$, making the bullish bias expected for today, noting that surpassing 0.6520$ will ease the mission of achieving the expected target.

Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 0.6480$ will stop the bullish trend and push the price to resume the main bearish trend again.

The expected trading range for today is between 0.6470$ support and 0.6670$ resistance

Trend forecast: Bullish

Brent oil price rallied upwards strongly yesterday to breach 72.06$ level and reach the thresholds of 73.90$ areas, to stop the recently suggested negative scenario and head towards achieving more expected rise in the upcoming period, noting that breaching the last level will push the price to visit 75.36$ areas on the near-term basis.

Moving above the EMA50 supports the expected rise, while failing to breach 73.90$ will force the price to decline again to head towards testing 72.06$ as a first negative station.

The expected trading range for today is between 72.20$ support and 75.20$ resistance.

Trend forecast: Bullish

Crude oil price ended yesterday with strong positivity, as it confirmed breaching 68.64$ level after closing the daily candlestick above it, to start building bullish wave that targets testing 70.58$ initially, noting that breaching this level will push the price towards 72.15$ as a next positive station.

Therefore, we are waiting for more expected rise in the upcoming sessions, noting that breaking 68.64$ will stop the bullish wave and push the price to decline again.

The expected trading range for today is between 68.00$ support and 71.00$ resistance

Trend forecast: Bullish

Silver price breached 30.63$ level clearly to stop the bearish correction that started from 34.85$ areas and head to recover in the upcoming sessions, as it approaches 31.63$ level now, noting that breaching this level will confirm the continuation of the rise to achieve positive targets that reach 32.25$ followed 32.86$.

Therefore, the bullish bias will be suggested on the intraday basis, supported by moving above the EMA50, noting that failing to breach 31.63$ will push the price to decline again and head towards visiting 30.63$ initially.

The expected trading range for today is between 31.10$ support and 32.00$ resistance.

Trend forecast: Bullish