The AUDUSD price declined strongly to succeed achieving our waited target at 0.6130$, noticing that the price surpasses this level to open the way to continue the decline on the intraday and short-term basis, targeting visiting 0.6000$ as a next negative station.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 0.6135$ and holding above it.

The expected trading range for today is between 0.6030$ support and 0.6130$ resistance

Trend forecast: Bearish

Brent oil price achieved strong rise by today’s open to reach 78.00$ barrier, noticing that the price bounced downwards quickly to settle below 77.05$, which puts the price under expected negative pressure in the upcoming sessions, targeting visiting 75.66$ as a next negative target.

Therefore, we expect to witness negative trades on the intraday basis, noting that breaching 77.05$ and holding above it will push the price to achieve new gains and test 78.40$ areas mainly.

The expected trading range for today is between 75.00$ support and 78.10$ resistance.

Trend forecast: Bearish

Crude oil price opened today’s trading with sharp rise to touch 75.52$ level, and found solid resistance there, to rebound downwards strongly and reach 73.90$ level again, these mixed trades - affected by Trump decision to impose the tariffs on Canada and Mexico – make us prefer to continue with our neutrality until we get clearer signal for the next trend, to continue monitoring the price according to 73.90$ level.

Note that continuing to decline and breaking this level will push the price to resume the bearish track that its next target located at 72.30$, while consolidating above it will push the price to recover and visit 75.52$ again.

The expected trading range for today is between 72.40$ support and 75.60$ resistance

Trend forecast: Neutral

Silver price found solid resistance at 31.63$, to rebound downwards sharply and reach 30.63$ now, and we suggest breaking this level to open the way to suffer additional losses that reach 29.63$.

Therefore, the bearish trend will be expected for today, noting that the consolidation of 30.63$ level against the current negative pressure will push the price to recover and visit 31.63$ again.

The expected trading range for today is between 30.35$ support and 31.25$ resistance.

Trend forecast: Bearish