XAG/USD AI Live Scan, 1-hour chart, Wednesday, 21 October 2026
Every read JAFX AI made on the XAG/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:04 UTC
Sideways, range contracting · RSI 56 · price 57.691
Lower highs and higher lows inside the 56.37–58.59 weekly range.
Silver has held a 56.37–58.59 range this week. The Asia-session week low on Tuesday gave way to a NY-session spike to the week high as soft housing data and US–Iran diplomacy weighed on yields, but rising yields and a firmer USD capped the Wednesday rebound at the 58.06 wed high. Highs are stepping lower and lows higher; a late-NY sweep to the 56.93 swing low on Wednesday was reclaimed back above EMA(20) at 57.57, with RSI(14) near 56 and price holding above the 50% retracement of Tuesday's impulse.
Support: 57.57, 56.93, 56.37
Resistance: 58.06, 58.59
What it said to watch
H1 close above the 58.06 wed high and the lower-highs line reopens the 58.59 week high
Sustained trade back below EMA(20) at 57.57 returns price toward the 57.48 50% retracement of the Tuesday impulse
Failure to hold the 56.93 swing low and the higher-lows line exposes the 56.37 week low
Thu 12:30 UTC jobless claims and Fri 13:45 UTC PMIs could resolve the contracting range
22:04 UTC
Range-bound, pressing upper band · RSI 59 · price 57.965
56.37–58.59 weekly range; higher lows since Tuesday, cap at 57.96–58.06.
Silver has held a 56.37–58.59 range since the week's 57.16 open. Tuesday's NY-session spike to the week high came as weak housing and pending home sales data trimmed hike odds, before rising yields and a firmer USD pulled price back to the 57.09 Wed low around London open, beyond the 61.8% retracement of the Tuesday rally fib. A late-NY false break below that low to 56.93 reversed sharply, keeping the higher lows from 56.37 intact, and price now sits above EMA(20) near 57.54 with RSI(14) near 59, pressing the 57.96–58.06 range cap that has stalled advances since Friday.
Support: 57.54, 57.09, 56.37
Resistance: 58.06, 58.59
What it said to watch
H1 close above the 58.06 range cap opens the path to the 58.59 week high
Loss of the ema20 near 57.54 and the 57.09 Wed low returns price to the middle of the range
Break of the higher lows line from 56.37 exposes the 56.37 week low
Thu 12:30 UTC jobless claims and Fri 13:45 UTC PMIs could materially shift this read
56.37–58.59 range since Tuesday; late-NY dip rejected, price testing day high.
Silver has held a 56.37–58.59 range since Tuesday's Asia week low and NY-session spike to the week high, with the week open at 57.16 near the middle. Wednesday's London slide stalled around the 61.8% retracement of Tuesday's impulse, and a late-NY dip to 56.93 was rejected back above EMA(20) into the day high at 58.06, with RSI(14) near 61. Yields near 5.1% and December Fed-hike pricing have capped rallies short of the week high.
Support: 57.52, 57.163, 56.37
Resistance: 58.059, 58.592
What it said to watch
H1 close above the 58.06 day high opens a retest of the 58.59 week high
Slip back below EMA(20) at 57.52 and the 57.16 week open returns price to mid-range
Break below the rising lows line from 56.37 exposes the week low again
Thu 12:30 UTC jobless claims and Fri 13:45 UTC S&P Global PMIs could materially shift this read
20:04 UTC
Sideways, compressing inside range · RSI 61 · price 57.882
57.00–58.00 range; lower highs vs higher lows since Tuesday.
Silver has rotated inside a 57.00–58.00 range since Friday. Tuesday's soft US housing data drove an NY-session spike to the 58.59 weekly high, but that move was fully rejected. Wednesday gave back the rebound as yields and the USD firmed; a late-NY flush to 56.93 then reversed to close near 57.88, back above ema20 (~57.54) with RSI(14) near 61, while lower highs from Tuesday's peak and higher lows off the 56.37 week low compress price beneath the range cap.
Support: 57.54, 57.00, 56.37
Resistance: 58.00, 58.59
What it said to watch
H1 close above the 58.00 range cap opens the path back to the 58.59 weekly high
Failure to hold the 57.00 range floor exposes the 56.37 week low
Slip back below ema20 (~57.54) would neutralise Wednesday's late-NY reversal
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read via yields and USD
Break of either the lower highs or higher lows trendline resolves the compression
One-week range 56.37–58.59 with lower highs since Tuesday's spike.
Silver has ranged 56.37–58.59 this week. Tuesday's NY-session spike to the week high came on the pending home sales miss and was rejected almost immediately, and each high since has printed lower along the lower-high trendline. Wednesday's Asia-London slide on firmer yields and oil found the 57.09 day low, the NY rebound stalled at 57.85, and a late-NY drop has put price back on the 57.16 weekly open, below EMA(20) and EMA(50) near 57.42, with RSI(14) at 44 and price under the 61.8% retracement of Tuesday's impulse.
Support: 57.09, 57.00, 56.37
Resistance: 57.42, 57.85, 58.59
What it said to watch
H1 close below the 57.09 day low and the 57.00 range floor exposes Tuesday's 56.78 low and the 56.37 week low
Recovery above the ema20 at 57.42 and the 57.85 lower high breaks the lower-high trendline sequence
Reclaim of the 61.8% retracement of Tuesday's impulse at 57.22 would neutralise the late-NY drop
Meta earnings tonight and Initial Jobless Claims Thu 12:30 UTC could materially shift this read via yields and USD
Lower highs from 58.59 against higher lows off Wednesday's 57.09 low.
Tuesday's NY-open spike from the 56.37 week low to the 58.59 week high came as oil and yields eased. It was fully reversed into Wednesday's London open as Treasury yields and the USD recovered, with the low at 57.09 about a 66% retrace of the leg. Since then the NY session has printed a sequence of higher lows and price has reclaimed the EMA(20) near 57.53, with RSI(14) back in the high 50s. The wed high at 57.85 and the descending lower-highs line from 58.59 cap the advance, leaving price coiled between the two trendlines.
Support: 57.53, 57.09, 56.37
Resistance: 57.85, 57.96, 58.59
What it said to watch
H1 close above the 57.85 wed high and the lower-highs line puts the 57.96 prior high, then the 58.59 week high, back in play
Break of the Wednesday higher-lows line and loss of the ema20 at 57.53 returns focus to the 57.09 wed low
Failure to hold the 57.09 wed low exposes the 56.37 week low
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read via yields
Friday's S&P Global flash PMIs at 13:45 UTC are the larger event risk for the range edges
17:05 UTC
Range-bound, recovering from Wednesday's London low · RSI 56 · price 57.572
56.37–58.59 weekly range; lower highs off Tuesday's spike, higher lows since London.
Tuesday's NY spike to the 58.59 week high came as weak housing data eased yields, and it was rejected within the hour. Wednesday's 58.06 daily high faded through London to 57.09 as yields, the USD and oil recovered, a roughly 68% retracement of Tuesday's rally from the 56.37 week low. Since that London low, price has printed higher lows into the NY session and is holding just above EMA(20) near 57.50, with RSI(14) near 56. The 57.85 session high is capping it beneath the lower-highs line.
Support: 57.50, 57.092, 56.37
Resistance: 57.849, 58.059, 58.592
What it said to watch
H1 close below the 57.09 london low breaks the higher-lows sequence and puts the 56.37 week low back in view
Close above the 57.85 session high and the lower-highs line reopens the 58.06 daily high and the 58.59 week high
Repeated H1 closes below ema20 at 57.50 would shift the read back toward the London low
US jobless claims Thu 12:30 UTC and flash PMIs Fri 13:45 UTC could move yields and test either range edge
Meta earnings tonight: an AI-equity selloff has recently pulled yields lower and lifted silver
Since Monday's 57.16 open, silver set a week low at 56.37 in Tuesday's Asian session. It then spiked to a 58.59 week high in the first hour of NY as weak housing data pulled yields lower, but the rejection was immediate. Wednesday's London session gave back the rebound to a 57.09 wed low as yields and USD recovered, and the NY recovery stalled at the 57.85 wed high. Price now sits on a flat EMA(20) near the 50% retracement of Tuesday's leg, with RSI(14) neutral around 52 and the swings compressing between a higher-lows line and a lower-highs line.
Support: 57.09, 57.00, 56.37
Resistance: 57.85, 58.00, 58.59
What it said to watch
H1 close above the 57.85 wed high breaks the lower-highs line and brings the 58.00 round number and 58.59 week high back into view
Failure to hold the 57.09 wed low and the 57.00 round number breaks the higher-lows line and exposes the 56.37 week low
Meta earnings after the US close and Thu 12:30 UTC jobless claims (f/c 200K) could shift yields and materially change this read
Lower highs from 58.59, higher lows from 56.37, contracting range.
Silver has held a 56.37–58.59 range since Monday's 57.16 open. Tuesday's NY spike to the 58.59 week high came alongside the soft housing data and was rejected. Wednesday's slide on firmer yields and oil found demand at the 57.09 day low during London, near the 61.8% retrace of Tuesday's rally. Price is now pinned at the 50% retrace and a flat EMA(20) near 57.46, with RSI(14) neutral around 51. A lower high at 57.85 in NY, after the 58.06 Asia high, and rising lows are squeezing the range.
Support: 57.092, 57.00, 56.37
Resistance: 57.849, 58.059, 58.592
What it said to watch
H1 close above the 57.85 lower high breaks the compression and exposes the 58.06 Asia high, then the 58.59 week high
Failure to hold the 57.09 day low brings the 57.00 round number and the 56.37 week low back into view
Thu 12:30 UTC jobless claims and Fri flash PMIs could materially shift this read via yields and USD
Lower highs from 58.59 against higher lows from 56.37, coiling inside a 57.00–58.60 range.
Tuesday's NY-open spike to the 58.59 week high came on soft housing data and was fully rejected. Silver then rotated lower from the 58.06 wed open hi into Wednesday's London session as oil-driven inflation and Fed-hike fears capped rebounds. Price now sits on flat, converged EMA(20)/EMA(50) near 57.45 with RSI(14) at 46. That is roughly the 50% retracement of Tuesday's 56.37–58.59 leg. A lower high at 57.85 against higher lows off the 56.37 week low leaves H1 coiling above the 57.09 wed low and the 57.00 round number.
Support: 57.09, 57.00, 56.37
Resistance: 57.85, 58.06, 58.59
What it said to watch
H1 close below the 57.09 wed low breaks the higher-lows trendline and puts the 57.00 round number in play
Loss of the 57.00 round number shifts focus back to the 56.37 week low
Close above the 57.85 lower high breaks the lower-highs line and reopens the 58.06 wed open hi and 58.59 week high
Thu 12:30 UTC jobless claims and Fri 13:45 UTC flash PMIs could materially shift this read
13:04 UTC
Range-bound, recovering off a higher low · RSI 51 · price 57.70
56.37–58.59 week range; higher lows since Tuesday, lower high at 58.06.
Silver has held a 56.37–58.59 range this week. Tuesday's NY-session spike to the week high on soft US housing data was rejected within the hour. Wednesday's Asia-session slide on oil-driven Fed-hike fears found demand at 57.09, just beyond the 61.8% retracement of Tuesday's rally and near the 57.16 weekly open, so the rising lows are intact. Price has since reclaimed EMA(20) near 57.47 through London, with RSI(14) back around 51.
Support: 57.47, 57.09, 56.37
Resistance: 58.06, 58.59
What it said to watch
H1 close below the 57.09 wed low breaks the rising lows and exposes the 56.37 week low
Holding above ema20 at 57.47 keeps the London recovery intact; the 58.06 wed high is the first cap
Clearance of the 58.59 week high invalidates the range read
Thu jobless claims and Fri flash PMIs could materially shift this read; oil and Iran headlines remain a live driver
56.37–58.59 week range; higher low at 57.09 after Tuesday's spike was rejected.
Silver spiked to the 58.59 week high in Tuesday's NY session on a softer USD, lower yields and weak US housing data, but the push above Friday's 57.96 top proved a false break and faded into the Tuesday NY close at 57.98. Oil-driven inflation fears dragged price to 57.09 before London, which held above Monday's 57.16 weekly open and formed a higher low against Tuesday's 56.37 week low, and the London session has since recovered back above the ema20 near 57.48 toward the 57.72 session high. RSI(14) is back in the mid-50s, and price sits between the 50% and 38.2% retracement of Tuesday's impulse.
Support: 57.48, 57.16, 56.37
Resistance: 57.72, 57.98, 58.59
What it said to watch
H1 close back below the ema20 at 57.48 and then 57.09 breaks the higher-low sequence and exposes the weekly open at 57.16
Acceptance above the 57.72 session high and the 57.98 tue ny close reopens the 58.59 week high
Failure at 57.72–57.98 keeps the 56.37 week low to 58.59 range intact with lower highs since Tuesday
Thu 12:30 GMT US jobless claims (f/c 200K) and WTI versus its $101.05 five-week high could shift this read
Tuesday's NY-session spike to the 58.59 week high came on a softer USD and lower yields, but it was rejected. Wednesday's Asia and London sessions then faded the move to the 57.09 wed low, just below the 61.8% retrace of Tuesday's 56.37–58.59 leg, as WTI near $98 revived Fed-hike fears. Price has since recovered to 57.54, back above the ema20 near 57.45 and around the 50% retrace, with RSI(14) back near 51. Supply has capped bounces at the 57.66 lower high twice today, keeping the range read intact.
Support: 57.45, 57.09, 56.37
Resistance: 57.66, 58.00, 58.59
What it said to watch
H1 close above the 57.66 lower high opens the path to the 58.00 round number, which capped Wednesday's open, and then the 58.59 week high
An H1 close back below the ema20 at 57.45 puts the higher lows trendline (~57.20) and the 57.09 wed low back in focus
Failure to hold 57.09 breaks the higher-lows sequence and exposes the 57.00 pivot and the 56.37 week low
Thu 12:30 GMT jobless claims and Fri 13:45 GMT S&P PMIs could materially shift this read; WTI back above $101 would revive the hawkish-Fed pressure
10:04 UTC
Range-bound, fading from week high · RSI 39 · price 57.236
Lower highs since Tuesday's spike inside a 56.37–58.59 week range.
Silver has rotated around Monday's 57.16 weekly open all week. Tuesday's NY-session spike to the 58.59 week high, on a softer USD and US–Iran diplomacy hopes, was rejected, and Wednesday has printed successive lower highs as firmer oil revived inflation and Fed-hike fears. Price now trades below the EMA(20) near 57.42 and sits on the 61.8% retracement of Tuesday's 56.37–58.59 leg, with RSI(14) near 39 after the London-open dip to 57.09.
Support: 57.16, 57.00, 56.37
Resistance: 57.42, 57.84, 58.59
What it said to watch
H1 close below the 57.00 round number exposes the 56.37 week low and would confirm a lower-low sequence
Recovery above the 57.42 ema20 and the 57.84 Monday high would reopen the 58.59 week high
Thu 12:30 UTC jobless claims and Fri 13:45 UTC S&P PMIs could materially shift this read
WTI pushing back above $101 on Iran/Hormuz headlines has pressured silver via yields; a reversal lower in oil has driven the recent bounces
56.37–58.59 week range; lower highs off the 58.59 rejection, price back at 50% retrace.
Silver has rotated inside a 56.37–58.59 range since Monday's 57.16 weekly open. Tuesday's first-hour-of-NY spike to the 58.59 week high came on US-Iran diplomacy hopes and softer yields, but it was rejected. That move has been unwound through Asia and London today as oil near $100 revived inflation and hike fears. Price now sits below EMA(20) at 57.44 and back on the 50% retrace of the Thursday-to-Tuesday rally, with lower highs printed at 58.06 and 57.66 and RSI(14) easing to the mid-40s.
Support: 57.16, 57.00, 56.37
Resistance: 57.44, 57.66, 58.59
What it said to watch
H1 close below the weekly open and the 57.00 round number extends the lower-high sequence toward the 56.37 week low
H1 close back above EMA(20) at 57.44 and the 57.66 lower high breaks the descending lower-highs line from 58.59
Rising support from Thursday's 55.90 low runs near 56.60; a break of the 56.37 week low would put that line in play
Thu 12:30 UTC jobless claims and Fri 13:45 UTC PMIs could materially shift this read, with WTI near $100 the main headline channel
Silver has held a 56.37 week low to 58.59 week high range since Sunday's open at 57.16. Tuesday's NY-session spike through the 58.00 range cap came on a softer USD and easing yields, but it was rejected and left a false break. Since the Asia session, a run of lower highs has pulled price back below EMA(20) near 57.47 and EMA(50), with RSI(14) easing to the mid-40s. Price now sits between the 50% and 61.8% retracement of Tuesday's swing, just above the 57.09 session low and the 57.00 round number.
Support: 57.09, 57.00, 56.37
Resistance: 57.47, 58.00, 58.59
What it said to watch
H1 close below the 57.09 session low and 57.00 round number exposes the 56.37 week low
Recovery above EMA20 and the lower highs line reopens the 58.00 range cap; acceptance above the 58.59 week high breaks the range
Initial Jobless Claims (Thu 12:30 UTC) and S&P Global PMIs (Fri 13:45 UTC) could materially shift this read via yields and DXY
US 10y yield near 5.12% and DXY near 101.80 have moved inversely to silver all week; a sustained yield move changes the range read
Lower highs off Tuesday's 58.59 spike, inside 56.37–58.59 week range.
Tuesday's NY-open spike to the 58.592 week high came on the pending home sales miss and was rejected within the hour. Price has since printed lower highs through Asia, slipping under EMA(20) near 57.46 and EMA(50) near 57.40, and has retraced past the 61.8% of Tuesday's 56.37–58.59 rally. Into London it sits on the weekly open at 57.163, with RSI(14) at 42 and short of oversold, while the broader 56.37–58.59 week range stays intact.
Support: 57.163, 57.00, 56.37
Resistance: 57.46, 57.66, 58.592
What it said to watch
H1 close below the 57.000 round number confirms a lower low and exposes the 56.370 week low
Reclaiming EMA20 at 57.46 and the 57.66 lower high would break the lower-highs trendline from the week high
Thu 12:30 UTC Jobless Claims (f/c 200K) and Fri 13:45 UTC PMIs could materially shift this read
06:05 UTC
Range-bound, fading from week high · RSI 44 · price 57.324
Lower highs since Tuesday's rejection, inside 56.37–58.59 week range.
Tuesday's NY-open spike to the 58.59 week high came on a softer USD and easing yields but was rejected, and Asia has since printed lower highs back below EMA(20) at 57.50 and EMA(50) near 57.42. Price is sitting on the 61.8% retracement of Tuesday's 56.37–58.59 impulse, right at the 57.21 session low, with RSI(14) at 44 and well off Tuesday's highs. The week remains a two-way range between the 56.37 week low and the 58.00 round number zone, which capped the follow-through.
Support: 57.21, 57.00, 56.37
Resistance: 57.50, 58.00, 58.59
What it said to watch
H1 close below the 57.21 session low and the 61.8% level exposes the 57.00 round number, where Tuesday's lows clustered
Failure to hold 57.00 reopens the 56.37 week low and turns the range read lower
Close back above the lower-highs trendline and EMA(20) at 57.50 brings the 58.00 round number and 58.59 week high back into view
US Jobless Claims (Thu 12:30 UTC) and S&P Global PMIs (Fri 13:45 UTC) could materially shift this read via yields and USD
56.37–58.59 weekly range after a false break above the 57.96 Friday high.
Tuesday's NY-session spike to the 58.59 week high came on a softer USD and easing yields. It failed to hold, and H1 closed back under the 57.96 Friday high, a false break that keeps the week inside a 56.37–58.59 range. Lower highs since then have taken price back under EMA(20) near 57.52 during the Asia session. Price is now testing the 61.8% retracement of Tuesday's rally near 57.22, with RSI(14) slipping to the low-40s and the weekly open at 57.16 and Monday low at 57.05 just beneath.
Support: 57.163, 57.05, 56.37
Resistance: 57.52, 57.96, 58.592
What it said to watch
H1 close back above the ema20 at 57.52 and then the 57.96 friday high would break the lower-highs sequence
Failure to hold the 57.05 monday low exposes Tuesday's 56.78 low and the 56.37 week low
Acceptance above the 58.59 week high would invalidate the range read
Thu 12:30 UTC Initial Jobless Claims and Fri 13:45 UTC S&P Global PMIs could materially shift this read via yields and USD
Silver has rotated inside a 57.00–58.00 band since the 57.16 weekly open. Tuesday's NY-session spike to the 58.59 week high came on soft US housing data and a weaker USD, but price could not hold above the 58 cap and faded back into the range. In the Asia session it has slipped below EMA(20) at 57.55 and sits between the 50% and 61.8% retracement of the 56.37–58.59 move, with RSI(14) back near 48.
Support: 57.16, 57.00, 56.37
Resistance: 57.55, 58.00, 58.59
What it said to watch
An H1 close back above the 58 cap would break the run of stalls between 57.96 and 58.06 and put the 58.59 week high back in play
Failure to hold the 57.16 weekly open and the 57.00 round number exposes the rising support line and the 56.37 week low
Reclaiming ema20 at 57.55 would mark the fade from Tuesday's spike as a pullback rather than a reversal
US jobless claims (Thu 12:30 UTC) and Friday's PMIs and UoM inflation expectations could materially shift this read
Higher lows from 56.37 beneath a repeated 57.95–58.05 cap.
The week opened at 57.16, and Monday's push stalled at 57.84. Tuesday's Asia-session dip to the 56.37 week low drew demand, and the NY-session spike to the 58.59 week high came on soft US housing data and a weaker USD, but it could not hold above the 58.00 cap. Price has slipped back below EMA(20) during the Asia session. It now sits near the 50% retracement of Tuesday's rally with RSI(14) at 49, and the higher-low line from 56.37 and the 57.39 session low are just beneath.
Support: 57.39, 57.00, 56.37
Resistance: 57.59, 57.98, 58.59
What it said to watch
H1 close back above the 58.00 cap would end the range read and reopen the 58.59 week high
A reclaim of ema20 near 57.59 would show the pullback holding above the Tuesday rally's 50% level
Loss of the higher-low line and the 57.39 session low exposes the 57.00 round number, then the 56.37 week low
US jobless claims (Thu 12:30 UTC) and Friday's PMIs and UoM inflation expectations could materially shift this read
Range 56.37–58.00 with higher lows since Tuesday's Asia low.
Silver has rotated around the 57.163 weekly open since Monday. The 58.00 round number capped Thursday's, Monday's and Wednesday's pushes. Tuesday's NY spike to the 58.592 week high on soft US housing data and a weaker USD was a false break, faded back under 58.00 within the hour. Swing lows have stepped up from 56.37 to the 56.783 swing low and then the 57.40 asian low, which sits near the 61.8% retracement of Tuesday's impulse; price is now flat on EMA(20) near 57.62 with RSI(14) holding mid-50s.
Support: 57.40, 57.163, 56.783
Resistance: 58.00, 58.592
What it said to watch
H1 close above the 58.00 round number would break the repeated-cap pattern and open a retest of the 58.592 week high
Failure to hold the 57.40 asian low and the higher-lows line exposes the 57.163 weekly open, then the 56.783 swing low
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read
Fri S&P PMIs 13:45 UTC and UoM inflation expectations 14:00 UTC are the next USD/yield catalysts for the range
57.00–58.00 range since Friday; false break above 58.00 Tuesday, higher lows from 56.37.
Silver has held a 57.00–58.00 range since Friday's session. Tuesday's NY-session spike on the weak US housing data and softer USD cleared the 58.00 repeated cap to a 58.59 week high, but it was rejected back inside the range within the hour. Price has since drifted to 57.50, slipping under EMA(20) at 57.61 and sitting on the 50% retracement of the Tuesday rally from the 56.37 week low, with EMA(50) at 57.42 just below; RSI(14) has cooled to ~48 from the mid-60s, while the higher lows since Tuesday's Asia low remain intact.
Support: 57.42, 57.00, 56.37
Resistance: 57.61, 58.00, 58.592
What it said to watch
Hourly close back above EMA(20) at 57.61 restores the upper-range read; acceptance above the 58.00 repeated cap reopens the 58.59 week high
Break of EMA(50) at 57.42 and the Tuesday higher-lows trendline exposes the 57.00 round number
Failure to hold 57.00 shifts focus to the 56.37 week low and the 61.8% of the Tuesday rally
US jobless claims Thu 12:30 UTC and PMIs plus UoM inflation expectations Fri could materially shift this read
Silver has held a 57.00–58.00 range since Friday's NY session. Tuesday's Asia-session dip to the 56.37 week low was reversed, and a spike to the 58.592 week high on the weak US housing data and softer yields failed to hold above the range top. Price has settled back below 58.00 but still sits above EMA(20) near 57.63, with RSI(14) easing to the high 50s from the spike.
Support: 57.63, 57.00, 56.37
Resistance: 58.00, 58.592
What it said to watch
H1 close above 58.00 range top, then 58.592 week high, would break the range read
Loss of ema20 at 57.63 and the rising Tuesday trendline puts the 57.00 range low back in focus
A break below the 56.37 week low would undo the higher-low sequence and the fib retracement of the Tuesday rally
Thu jobless claims and Fri PMIs / UoM inflation expectations could materially shift this read
US 10y yield around 5.12% remains the main driver of the 58.00 cap