Aussie Kiwi – AUD/NZD pullback into its 1.0879 support level and bounce as we expected in our 27th November 2015 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position as price is likely going to continue to rally higher in the coming days.
Kiwi Yen – NZD/JPY rally higher after price rejected its 80.68–79.97 key support area and is approaching its 84.05–83.31 resistance area. If price breakout above the 84.05–83.31 resistance area, we are then likely going to see price rally higher in the coming days which traders may consider buying into its breakout. On the other hand, if price rejects the 84.05–83.31 resistance area and decline lower, we are then likely going to see price decline back into its 80.68–79.97 key support area or even lower into its next support area at 75.06–74.41.
Silver – Silver rally through its 14.40 resistance level which had turned into support level now where traders may consider looking for potential buy setups as this could be the bottom of the silver bearish trend and might see some correction to the upside before it decline lower. If price pullback and rejects the 14.40 support level (Previous resistance level), traders may then consider buying into the market to jump on the bullish trend.
Posted on 2015-12-07 06:30:07