XAGUSD is approaching its support at 14.23 (61.8% & 100%x2 Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 14.47 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.