Thoughts on the Forex Market for 16.10.2026

Hello. Below are a few recommendations for trading the Forex market on 16.10.2026

AUDUSD is lagging slightly behind the other pairs and only yesterday broke below the lows at 0.6903. The day closed above the level, and an upward correction is likely. The level of 0.7021 looks like a good initial target for the correction. I will look for intraday buys targeting that level. I am not considering sells here yet.

Silver presents an interesting situation: yesterday's momentum was not strong enough to break below the lows at 54.76. We will probably do so soon. I think we can try looking for sells around the level of 58.50, where there is also an FVG. The first target for sells is at the lows of 54.76; if we fly through them, we can hold the trades until the level of 49.78.

Best regards, Artem aka TeaDrinker