Fibonacci extension

AUD/NZD Technical Outlook: Bullish Momentum Supported by Diverging Labour Markets

• RBA steady, RBNZ dovish tilt: Australia’s central bank is expected to hold rates at 3.6%, while New Zealand’s weak labour market raises the odds of a more dovish RBNZ stance.
• Widening yield spreads: The 2-year and 10-year AU/NZ sovereign bond yield spreads are likely to widen further, favouring AUD strength over NZD.
• AUD/NZD strength: The cross pair has gained 5.8% since July 2025, hitting a three-year high of 1.1390, supported by relative macro and yield dynamics.

US Indices at Record Levels Amid Mixed Technical Signals; Markets Eye Powell Tone and Fed Uncertainty

Friday's ecstatic trading brought all risk-assets including Equity indices, cryptocurrencies and FX currencies higher.

Silver Poised for Bullish Continuation Above $39.53, Key Support at $37.00

This is a follow-up analysis and update of our prior report, Chart of the day – Potential bullish acceleration for Silver (XAG/USD) published on 18 June 2025.

Silver (XAG/USD) has staged the expected rally of 7.1% from 18 June 2025 to hit the predefined resistance of US$39.08 (printed a 14-year high of US$39.53 on 23 July) before it staged a corrective decline of -8.39% to hit an intraday low of US$36.21 on 31 July 2025.