Technical Analysis; NZD/USD - XAG/USD

4 July, 2017

NZD/USD

NZD has been growing against USD for about two months. The pair broke through an important psychological level of 0.7300 and formed the triple top pattern in H4 timeframe.

  • Support and resistance
  • Support levels: 0.7300, 0.7240, 0.7170, 0.7075.
  • Resistance levels: 0.7345, 0.7400, 0.7490.

XAG/USD

Silver has been weakening during the last months, and last week has almost reached the 2-month minima at the area of 16.20-16.50. Other precious metals, gold and platinum, are trading with the same dynamics. This decrease is characterized by the simultaneous fall of the US dollar. The growth of silver within the correction from the strong support level is expected in the next two days.

  • Support and resistance
  • Support levels: 16.45, 16.00, 15.60, 15.00.
  • Resistance levels: 16.80, 17.10, 17.35.

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