AUDNZD has completed the descending channel by breaking above and forming a new higher high. The recent price action indicates there's bullish momentum and traders are keeping an eye on the current market price for bullish setups.
The weekly bearish trend has resumed on NZDCAD. A bounce on 0.89388 and a break below 0.88004 were clear signs that the market is shifting momentum to the downside and the current bearish continuation structure confirms the shift. Any aggressive rejection at the top of the current structure will indicate a further drop.
Silver is still at the bottom of the structure. Recently the market broke the previous low however the overall bullish structure is not broken. Traders are keeping a close eye for an aggressive bullish impulse wave as well as a bullish correction to indicate bullish momentum.