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AUD

A$ Regains Poise On Equity Bounce

US TSYS

TYU2 Operates Around Late Friday Levels

AUSSIE 3-YEAR TECHS

(U2) Back Above Bear Trigger

RATINGS

Moody’s Affirmed The U.S. On Friday

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Corrective Bounce Extends

SILVER TECHS
  • RES 4: $24.666 - High Apr 22
  • RES 3: $23.974 - Low Mar 29
  • RES 2: $23.331 - 50-day EMA
  • RES 1: $22.356 - 20-day EMA
  • PRICE: $22.039 @ 08:06 BST May 20
  • SUP 1: $20.464 - Low May 13 and the bear trigger
  • SUP 2: $20.282 - 2.00 proj of the Mar 8 - 29 - Apr 18 price swing
  • SUP 3: $20.000 - Psychological round number
  • SUP 4: $19.581 - 2.236 proj of the Mar 8 - 29 - Apr 18 price swing

The Silver outlook remains bearish despite the bounce from the May 13 low of $20.464. Recent weakness resulted in a break of support at $22.008, the Feb 3 low and a bear trigger. The move lower reinforced the bearish theme and also resulted in a breach of $21.427/423, the Dec 15 2021 low and Sep 29 2021 low. Sights are on $20.000 next. Firm short-term resistance to watch is at $22.356, the 20-day EMA.

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  • RES 4: $24.666 - High Apr 22
  • RES 3: $23.974 - Low Mar 29
  • RES 2: $23.331 - 50-day EMA
  • RES 1: $22.356 - 20-day EMA
  • PRICE: $22.039 @ 08:06 BST May 20
  • SUP 1: $20.464 - Low May 13 and the bear trigger
  • SUP 2: $20.282 - 2.00 proj of the Mar 8 - 29 - Apr 18 price swing
  • SUP 3: $20.000 - Psychological round number
  • SUP 4: $19.581 - 2.236 proj of the Mar 8 - 29 - Apr 18 price swing

The Silver outlook remains bearish despite the bounce from the May 13 low of $20.464. Recent weakness resulted in a break of support at $22.008, the Feb 3 low and a bear trigger. The move lower reinforced the bearish theme and also resulted in a breach of $21.427/423, the Dec 15 2021 low and Sep 29 2021 low. Sights are on $20.000 next. Firm short-term resistance to watch is at $22.356, the 20-day EMA.