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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

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  • RES 4: $28.609 - 76.4% retracement of the Feb 1 - Mar 31 sell-off
  • RES 3: $28.328 - High Feb 23 and a key resistance
  • RES 2: $27.686 - 61.8% retracement of the Feb 1 - Mar 31 sell-off
  • RES 1: $27.547 - High May 6
  • PRICE: $27.282 @ 07:15 BST May 7
  • SUP 1: $26.169 - 20-day EMA
  • SUP 2: $25.718 - Low Apr 29 and key near-term support
  • SUP 3: $25.636 - Low Apr 19
  • SUP 4: $25.199 - Low Apr 14

Silver remains bullish. The metal rallied Monday and again yesterday, extending the current upleg. This strengthens a bullish case and confirms a resumption of the recovery from Mar 31. With moving average signals also in a bull mode, further gains are likely towards $27.686 next, a Fibonacci retracement. On the downside, key short-term support has been defined at $25.718, Apr 29 low. A break is required to dampen the current bullish mood.