XAGUSD finds a bounce
Silver (XAGUSD) attempts to break away from the recent triple bottom after confirming its position above 61.00.
- A jump above 62.00 would force more sellers to cover, stirring volatility.
- 65.00 might be the bears’ last stronghold, and its breach would be a step closer to continuing the climb.
- Meanwhile, the RSI’s overbought condition could prompt a retreat, with 60.15 as the first level to expect support.
USDJPY driving higher
The Dollar remains bullish as price action gears up to test the recent top.
- The move looks to retest the 158.90 level, suggesting willingness to keep the uptrend intact.
- A close above 159.00 would extend the momentum for a multi-month high.
- A break below 158.00 would open the door to a sell-off towards 156.60.
NAS 100 clears new record
The Nasdaq soared as tech stocks jumped higher.
- On the chart, the break above 31000 suggests that the index might be on course to extend.
- A pop above the tip of a previous swing high will prompt more sellers to cover, clearing the path for a potential continuation towards 31200.
- As the RSI bounces towards overbought territory, 30600 is a fresh level to contain the pullback.
- 30000 is a critical psychological level to prevent a deep correction.
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