AUDUSD
AUD may turn bearish against the buck, but a recent pattern suggests another wave up to a new high, before the bears may step in. Notice that we are tracking an ending diagonal very closely; it’s a powerful reversal pattern with slow and overlapping price waves that causes a strong turning point once the pattern is finished. In our case, it means that bears could be very aggressive after the black wave 5 completes an ending diagonal near 0.7880.
AUDUSD, 4H
SILVER
Silver is slow but still in wave B, which is now looking more complex than in the first place. It can be a triangle here that still projects lower prices for this week. We are talking about wave C that can send price deeper into wave 4), probably down to around 16.00-16.40 area, while the high from last week is in place.
Silver, 1H