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Big movement expected on Silver MARCH 2020 after a breach of the support

Silver MARCH 2020 has broken through a support line of a Channel Up and suggests a possible movement to 16.7964 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.

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We expect a $3,148,717 movement on YM within 4 hours following the event release at 05 Dec 15:00.

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We expect NZDUSD to trend downwards today with a 80% chance.

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