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AUD/NZD trades near the 1.09 zone with minor losses on Friday.The pair maintains a bullish outlook despite mixed short-term signals.Key support is clustered below 1.0880, with resistance near 1.0920.The AUD/NZD pair is experiencing mild selling pressure on Friday, hovering near the 1.09 zone as the market approaches the Asian session. Despite the minor losses, the broader technical outlook remains constructive, with several key indicators aligning to support the pair’s upward trajectory. However, conflicting short-term signals suggest that further gains may face headwinds, as traders navigate a mix of buy and sell pressures.AUD/NZD maintains a generally bullish structure, supported by the alignment of short-term moving averages. The 20-day Simple Moving Average (SMA) indicates a buy signal, reflecting the pair's recent strength, while both the 10-day Exponential Moving Average (EMA) and the 10-day SMA similarly point to upward momentum. However, the broader trend picture remains mixed, as the longer-term 100-day and 200-day SMAs still favor selling, highlighting the potential for deeper pullbacks if bullish momentum falters.Momentum indicators provide a similarly divided outlook. The Relative Strength Index (RSI) hovers around the 50 level, indicating neutral conditions that align with the current price consolidation. Meanwhile, the Moving Average Convergence Divergence (MACD) signals buy momentum, reinforcing the broader bullish view. In contrast, the Stochastic %K, trading in the 80s, and the Stochastic RSI Fast, positioned in the 90s, both suggest overbought conditions, indicating the potential for near-term corrective moves. The Bull Bear Power, sitting near neutral, further highlights this lack of a decisive trend.For now, immediate support is expected around 1.0871, with additional levels near 1.0867 and 1.0864. On the upside, resistance is likely to emerge around 1.0914, followed closely by 1.0923 and 1.0945, potentially capping any recovery attempts as the pair struggles to maintain its recent gains.Daily Chart

AUD/USD trades near 0.6400 with a cautious tone ahead of RBA rate decision.US consumer sentiment weakened, while inflation expectations climbed, adding to market uncertainty.Technical levels suggest support at 0.6399 and resistance near 0.6414, reflecting a range-bound market.The AUD/USD pair is trading around the 0.6400 level during European trading hours on Friday, reflecting a broadly neutral tone as traders await the Reserve Bank of Australia (RBA) interest rate decision next week. The US Dollar Index (DXY) is holding near 101.00, up modestly after a week of mixed US economic data. Despite this, the Australian Dollar remains under pressure amid ongoing trade uncertainties and soft global risk sentiment.The US Dollar has seen limited movement as markets digest the latest economic signals from the United States. The University of Michigan's preliminary Consumer Sentiment Index for May dropped to 50.8, down from 52.2 in April, marking one of the lowest readings on record. This decline in consumer confidence has been coupled with a surge in inflation expectations, with the one-year forecast rising to 7.3% from 6.5% and the five-year outlook climbing to 4.6% from 4.4%. These data points add to concerns about the resilience of US household spending in the face of persistent inflationary pressures.Adding to the uncertainty, US President Donald Trump's unpredictable tariff policies continue to weigh on broader market sentiment. Trump recently hinted at new tariffs to be implemented within the next two to three weeks, adding to the risk of a deeper slowdown in global trade. Meanwhile, Fed officials remain cautious, with Atlanta Fed President Raphael Bostic suggesting that the US economy could see slower growth without necessarily entering a recession.Tecnical AnalysisOn the technical front, AUD/USD is trading within a narrow range, reflecting mixed momentum signals. The pair is currently testing support near 0.6399, with further downside levels at 0.6379 and 0.6357. On the upside, immediate resistance is seen around 0.6411, followed by 0.6413 and 0.6414.The Relative Strength Index (RSI) is holding in the 50s range, indicating neutral momentum, while the Moving Average Convergence Divergence (MACD) points to mild selling pressure. However, the Williams Percent Range (14) and Commodity Channel Index (20) both reflect balanced market conditions, reinforcing the pair's range-bound behavior. The 20-day Simple Moving Average (SMA) provides a short-term sell signal, while the 100-day SMA offers a more supportive backdrop, suggesting potential near-term volatility.Without a clear breakout above the 0.6414 resistance zone, AUD/USD is likely to remain range-bound in the short term, with downside risks emerging if the pair fails to hold the 0.6399 support level. Traders will be closely monitoring the RBA rate decision next week, as any unexpected policy signals could significantly impact the pair's direction.Daily Chart

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}XAG/USD capped at $32.73 (50-day SMA); supported by 100-day SMA near $31.88 amid choppy tradeRSI flat near neutral; break above $33.00 needed to turn bias bullish toward $33.50–$34.51Drop below $32.00 may expose $31.65 and 200-day SMA at $31.23 as bearish pressure buildsSilver prices edged lower on Friday, with losses of over 1%, set to end the week on a negative note amid rising US Treasury yields, which staged a comeback late during the North American session. The XAG/USD trades at $32.26 after hitting a daily peak of $32.68 at the time of writing.XAG/USD Price Forecast: Technical outlookThe XAG/USD consolidated within the 50 and 100-day Simple Moving Averages (SMAs) at $32.73 and $31.88, respectively, over the last five days, with no apparent bias as depicted in the daily chart. The Relative Strength Index (RSI), although bearish, remains flat near the 50-neutral line, flat.This confirms the grey’s metal lack of direction, but buyers could regain control if they clear a downslope trendline drawn from the March 28 – April 25 peaks, which could be broken near $33.00. A breach of the latter will expose $33.50, followed by the $34.00 mark. Once surpassed, the next stop would be the October 30 peak at $34.51.Conversely, if XAG/USD falls below $32.00, the first support would be the 100-day SMA, followed by the May 15 low of $31.65. Once this level is cleared, the next stop would be the 200-day SMA at $31.23, followed by the $31.00 figure.XAG/USD Price Chart – Daily Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

Moody's Ratings agency downgraded the US's sovereign debt credit rating after the market close on Friday. According to Moody's, the US is facing rising debt funding costs that far exceed those of similar government debt loads. Moody's specifically highlighted US interest obligations "that are significantly higher than similarly rated sovereigns".Moody's has lost faith that the US government will be able to make and execute multi-year reduction plans for reducing its deficits and debt and stating, "Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs."Key highlightsUnited States ratings cut to Aa1 from AAA.

The US' long-term local and foreign-currency country ceilings remain at AAA.

We do not expect that the US' long-term growth will be significantly affected by tariffs.

We recognize the US' significant economic & financial strengths, and believe these no longer fully counterbalance decline in fiscal metrics.

We anticipate US' Federal debt burden will rise to about 134% of GDP by 2035, compared to 98% in 2024.

NZD/JPY trades near the 85.70 zone with minor gains on Friday.The pair maintains a bearish outlook despite mixed technical signals.Key support is clustered below 85.60, with resistance near 86.00.The NZD/JPY pair is attempting to hold on to modest gains as it trades near the 85.70 zone ahead of the Asian session on Friday. Despite the slight uptick, the broader technical picture remains tilted to the downside, reflecting the influence of longer-term bearish signals that have kept the pair within a tight range recently. Traders appear hesitant to push the pair significantly higher, reflecting a cautious tone as they assess the balance of technical indicators.NZD/JPY presents a complex technical backdrop, with short-term signals offering a mixed picture. The 20-day Simple Moving Average (SMA) currently points to a buy signal, reflecting recent strength. However, this is overshadowed by the 100-day and 200-day SMAs, both indicating a bearish outlook, highlighting the broader downward pressure. The 10-day Exponential Moving Average (EMA) and 10-day SMA, also positioned in the 80s, reinforce this bearish view, aligning with the longer-term trend.Momentum indicators provide a similarly mixed signal. The Relative Strength Index (RSI) is in the 50s, suggesting neutral momentum, while the Moving Average Convergence Divergence (MACD) signals mild buy pressure, adding a hint of bullish potential. However, the Stochastic %K (14, 3, 3) remains in the 40s, indicating a more cautious stance, while the Commodity Channel Index (20) also signals neutrality, confirming the lack of a clear directional bias. The Average Directional Index (14), positioned around 15, underscores this neutral tone, indicating a market lacking strong trend conviction.For now, immediate support is seen around 85.64, with additional layers at 85.51 and 85.50. On the upside, resistance is likely to emerge around 85.70, followed closely by 85.77 and 86.03, potentially limiting any recovery attempts in the near term.Daily Chart