NZDUSD probes support
The New Zealand dollar saw an uptick in price action, moving prices away from the recent bottom. The choppy nature of the pair has caused price action to fall away from the psychological level of 0.6000. However, a break above 0.5900 could trigger a recovery, as 0.5930 at the previous swing high is the first hurdle. Further down, the recent bottom of 0.5820 is a critical floor to prevent a fresh round of sell-off.
XAGUSD bounces higher
Silver looked to shrug off the recent metal sell-off as it established itself about the 31.00 area. The price is still looking for fresh catalysts after it reached this daily resistance. The lengthy consolidation might be an opportunity for the bulls to take a breather before they could break higher. The tip of a previously faded bounce at 31.40 is a crucial hurdle to lift to turn short-term sentiment around. 30.00 is the first support, and 29.75 is a necessary support to keep buyers interested as its breach would open a multi-month low.
SPX 500 stock no slowing down
The SPX 500 stock rode a solid day for tech stocks to record another closing high. On the chart, the index is testing the latest high of 6040. A bearish RSI divergence could indicate a loss of momentum, which could be a combination of fresh selling and profit-taking in this congestion area. 6000, then 2850 are the following two layers in case of a correction. However, a bullish breakout would force sellers to scramble for the exit and open the door to an extended rally towards 6100.
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