The AUDUSD pair opened today’s trading with clear negativity affected by the negative Australian retail sales data, to break the support line that appears on the chart and reach the thresholds of the most important support at 0.6650, noticing that the price attempts to recover now, which encourages us to suggest the bullish bias for the upcoming sessions, waiting to visit 0.6767 as a first main station.

Therefore, we expect to witness positive trades today supported by stochastic positivity, noting that breaking 0.6650 will put the price under additional negative pressure and cause key trend turn to the downside.

The expected trading range for today is between 0.6640 support and 0.6760 resistance

The expected trend for today: Bullish

Brent oil price bounced downwards sharply to break 83.57 and approaches 81.00 barrier by today’s open, to turn to decline and heads towards achieving more expected negative targets in the upcoming period, on its way to visit 80.40 followed by 79.35 levels as next main stations.

Therefore, we expect the continuation of the bearish bias domination on the intraday and short term basis unless the price managed to breach 83.57 and hold above it.

The expected trading range for today is between 79.50 support and 83.00 resistance.

The expected trend for today: Bearish

Crude oil price ended last Friday with strong negativity to settle at 76.05 level, starting today with additional strong decline to break the mentioned level and reach 74.00 areas now, which pushes the price to suffer more expected losses in the upcoming period, opening the way to head towards 72.60 areas as a next main station.

Therefore, the bearish bias will be expected for today, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 76.05 will stop the suggested decline and lead the price to attempt to recover again.

The expected trading range for today is between 72.00 support and 75.70 resistance.

The expected trend for today: Bearish

Silver price opened today with clear negativity to break 21.30 and settles below it, to fall under expected negative pressure in the upcoming sessions, on its way to achieve negative targets that start by testing 20.72 level.

Therefore, the bearish bias will be suggested for today, and breaking the targeted level will extend the bearish to reach 20.25 direct, while the negative pressure will remain valid unless the price managed to breach 21.30 and hold above it again.

The expected trading range for today is between 20.70 support and 21.50 resistance.

The expected trend for today: Bearish