Chart the Market (29/05/2026)
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Chart the Market (29/05/2026)

Published: 29 May 2026,07:49

Published: 29 May 2026,07:49

Chart The Market

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Price chart with horizontal support at 73.68 and resistance at 78.29, 82.35, 86.34; RSI around 51 and MACD shown below (trading view).

XAGUSD, H4:                                                               

Silver’s price action is sending a potential early signal of trend exhaustion. While the metal has carved out a series of lower lows, the MACD oscillator has registered a sequence of higher lows — a classic bullish divergence that often precedes a reversal.

The set-up now hinges on confirmation. A clean break above the immediate prior high at $77.00 would lend technical weight to the bullish case. Such a move would not only invalidate the dominant downtrend but also signal a possible long-term trend reversal for silver.

For now, the divergence is promising but unconfirmed. Momentum traders and macro funds are likely to wait for the breakout before committing. A failure to clear $77.00 would keep the bearish structure intact. 

Resistance Levels: 78.30, 82.35

Support Levels: 73.70, 69.70

Candlestick chart of a USD pair with horizontal lines at 0.5819, 0.5874, 0.5920 and 0.5978; price rising toward resistance, RSI ~72, MACD rising.

NZDUSD,  H4

NZD/USD previously underwent a period of selling pressure before stabilizing and consolidating above the key support level near 0.5820. The ability of the pair to hold firmly above this support zone suggests that downside momentum had begun to ease, allowing buyers to gradually regain control.

Recent price action indicates that NZD/USD has gathered fresh bullish momentum and successfully broken above its prior range-bound structure, signaling an improvement in the near-term technical outlook. The pair is now revisiting the important resistance level near 0.5978, an area that previously capped upside attempts and triggered a rejection in earlier sessions.

This resistance zone is likely to serve as a major test for the current bullish momentum. While the pair may encounter renewed selling pressure as it approaches this level, a decisive breakout above 0.5978 would reinforce the bullish continuation scenario and could pave the way for a stronger upward extension.

Should such a breakout occur, the next major upside target would likely emerge above the key psychological level at 0.6000, which could become the next focal point for bullish traders.

Resistance Levels: 0.5978, 0.6024

Support Levels: 0.5920, 0.5874

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