NAS 100 clears resistance
The Nasdaq soared as Nvidia shares spiked over 8%, leading the way for tech stocks. On the chart, the break above 19000 suggests that the index might be on course for another record. A pop above the tip of a previous swing high at 19400 will prompt more sellers to cover, clearing the path for a potential recovery past 20000. As the RSI bounces off oversold territory, 18750 is a fresh level to contain the pullback.
USDJPY tests resistance
The Yen remains undecided after an uptick in CPI data saw the greenback spike higher. The US dollar’s move has come to retest the recent peak near 143.00, suggesting the bulls’ willingness to keep the uptrend intact. A close above 142.20 at the start of a previous bearish breakout is vital in cutting short the selling momentum, and 140.90 has turned into fresh support. A break above 144.50 would open the door to an extension to 147.00.
XAGUSD bounces from support
Silver maintains its bullish momentum after confirming its position above 28.00. A jump above the support-turned-resistance of 28.60 has forced sellers to cover, stirring up volatility in the process. 29.00 might be the bears’ last stronghold, and its breach could expose last month’s high to above 30.00, which would be a step closer to resuming the climb. In the meantime, the RSI’s overbought condition could cause a retreat, with 27.65 being the first level to expect support.