The AUDUSD pair opens today’s trading with strong rise to move away from 0.7405, reinforcing the expectations of continuing the bullish trend that moves organized inside the bullish channel that appears on the chart, waiting for more rise to visit 0.7478 mainly.

The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 0.7360.

The expected trading range for today is between 0.7400 support and 0.7490 resistance

The expected trend for today: Bullish

Brent oil price provided clear negative trades on yesterday’s evening to break the intraday bullish trend line, which puts the price under expected negative pressure in the upcoming sessions, to head towards visiting the main bullish channel’s support line around 81.15.

Therefore, we expect the continuation of the bearish bias on the intraday basis unless breaching 84.35 and holding above it, as breaching this level will motivate the price to regain the main bullish track again and head towards 86.65 initially.

The expected trading range for today is between 82.30 support and 85.00 resistance.

The expected trend for today: Bearish

Crude oil price bounced downwards strongly after approaching our waited target at 83.95, to break the intraday bullish trend line and start bearish correction for the rise that started from 74.94 areas, as we expect to witness negative trades in the upcoming sessions, the targets start at 81.75 and extend to 80.45 after breaking the previous level.

Therefore, the bearish bias will be expected for today, taking into consideration that breaching 82.85 will stop the current negative pressure and lead the price to resume the main bullish trend again, to head towards visiting 84.40 level as a first positive target.

The expected trading range for today is between 81.00 support and 83.50 resistance.

The expected trend for today: Bearish

Silver price bounced upwards clearly after testing 23.15 in the previous sessions and consolidating above it, to keep the positive effect of the inverted head and shoulders’ pattern active, supported by the EMA50 that carries the price from below, waiting to visit 24.20 as a next main target.

Note that breaching the targeted level will extend the bullish wave to reach 25.05, while breaking 23.15 will stop the positive scenario and press on the price to return to the main bearish track again.

The expected trading range for today is between 23.15 support and 24.00 resistance.

The expected trend for today: Bullish