USDJPY hitting fresh lows
The US dollar is under pressure as the Yen’s strength drags the pair lower. The pair has hit a multi-week low amid the sell-off.
A break below 159.00 could extend the rally to 158.60.
159.80 at the top of the last uptick is the first level of resistance.
160.00 is the target ahead to keep the pair elevated.
XAGUSD bounces higher
Silver continues to push higher as the metal market looks poised for a rally. After finding support at the mid-$74 area, prices have advanced further. The precious metal took note of the recent bounce on the RSI, after previously dropping away from this month’s high above $82.
Another bullish breakout needs a close above 80.00.
In the meantime, 74.50 is the first support in case of a pullback.
70.00 is a critical floor if prices move lower.
NAS 100 remains bullish
NAS 100 analysis shows The Nasdaq is looking to extend the rally as tech-heavy stocks lead the way. It seems traders are waiting for a clear resistance zone before a pullback ensues.
A decisive break above 28000 would hint at another push higher in the days to come.
A potential pullback would see 26500 as the first support.
A continuation lower would test the next level at 25800.
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