Pound Dollar – GBP/USD rejected its trendline and decline lower. Price is likely going to continue to move lower into its 1.4050 support level in the near term. If price is able to breaks the 1.4050 support level, we are then likely going to see price decline even further into its next support level at 1.3835.
Kiwi Dollar – NZD/USD is likely going to continue to move lower into its 0.6560 support level in the near term as the price is still ranging in a tight consolidation. Aggressive traders may consider sell short and trade pice into the 0.6560 support level while conservative traders may consider waiting for price to pullback into the support level before going long.
Silver – Silver is currently consolidating at the 15.15 support level which if price breaks the support level, we are then likely going to see price continue to decline lower into its next support level at 14.61. However if price performs a strong rejections at this 15.15 support level, traders may then consider buying into this market.
Posted on 2016-03-28 06:30:26