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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

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  • RES 4: $26.002 - High Aug 4
  • RES 3: $25.206 - High Jun 8
  • RES 2: $24.867 - High Sep 3 and the reversal trigger
  • RES 1: $24.481 - Intraday high
  • PRICE: $24.305 @ 07:30 BST Oct 21
  • SUP 1: $23.015 - Low Oct 18
  • SUP 2: $22.213 - Low Oct 6
  • SUP 3: $21.423 - Low Sep 29
  • SUP 4: $20.871 - 50.0% retracement of the Mar '20 - Feb '21 rally

Silver maintains a short-term bullish tone. Last week the metal cleared the 20-day EMA and price has this week cleared the 50-day EMA. A continuation would pave the way for a stronger short-term recovery and open $24.867, the Sep 3 high. Clearance of this level would strengthen the case for bulls and open the $26.00 handle. Initial firm support to watch is at $23.015, Oct 18 low.