The AUDUSD pair couldn’t manage to confirm breaching 0.6665 level, and begins today with bearish bias that hints resuming the correctional bearish wave, on its way to visit 0.6550 as a next negative target.

Therefore, we expect to witness negative trades in the upcoming sessions, organized inside the bearish channel that appears on the chart, supported by the EMA50 that presses negatively on the price.

On the other hand, we should note that breaching 0.6665 followed by 0.6720 levels will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 0.6560 support and 0.6690 resistance

The expected trend for today: Bearish

Brent oil price broke 81.30 level strongly and settled below it, to stop yesterday’s suggested positive scenario and head towards suffering new losses on the intraday and short term basis, as we suggest visiting 79.05 followed by 77.50 levels as next main targets.

Therefore, the bearish bias will be expected for today, supported by the technical indicators’ negativity that appears on now, noting that breaching 81.30 will stop the current negative pressure and lead the price to attempt to return to the correctional bullish track again.

The expected trading range for today is between 78.00 support and 81.30 resistance.

The expected trend for today: Bearish

Crude oil price resumed its negative trades clearly to move away from 75.64 level, reinforcing the chances of activating the negative scenario on the intraday and short term basis, opening the way to achieve negative targets that start by surpassing 73.70 to open the way to head towards 70.30 areas.

Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 75.64 will stop the expected bearish trend and lead the price to start bullish wave and attempts to recover on the intraday basis.

The expected trading range for today is between 71.80 support and 75.20 resistance.

The expected trend for today: Bearish

Silver price approached 22.00 barrier, showing sideways trades now, waiting to gather positive momentum that assists to push the price to resume the expected bullish wave on the intraday basis, which its next target located at 22.13.

The EMA50 carries the price from below, reinforcing the chances of achieving more gains in the upcoming sessions, noting that surpassing the suggested target will push the price to 23.05 as a next positive target.

On the other hand, we should note that breaking 21.40 followed by 20.64 levels will stop the expected bullish wave and press on the price to decline again.

The expected trading range for today is between 21.35 support and 22.10 resistance.

The expected trend for today: Bullish