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AUDUSD TECHS

Trend Needle Still Points South

US OUTLOOK/OPINION

RBC See Payrolls Below Consensus

EURJPY TECHS

Vulnerable Despite Recent Bounce

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  • RES 4: $26.778 - High Jul 6
  • RES 3: $26.467 - High Jul 14
  • RES 2: $26.002 - High Aug 4 and a key resistance
  • RES 1: $25.406 - High Nov 16
  • PRICE: $23.653 @ 07:20 GMT Nov 26
  • SUP 1: $23.020 - Low Nov 3 and a key near-term support
  • SUP 2: $22.213 - Low Oct 6
  • SUP 3: $21.423 - Low Sep 29 and key support
  • SUP 4: $20.871 - 50.0% retracement of the Mar '20 - Feb '21 rally

Silver remains near recent lows. The metal has traded through the 50-day EMA this week. The break of this average suggests scope for a deeper short-term pullback and opens $23.020, the Nov 3 low and a firm near-term support. For bulls, a move above $25.406, Nov 16 high would reinstate a bullish theme and confirm a resumption of the uptrend. This would open $26.002, the Aug 4 high.