Published: 12 February 2026,06:23
Chart The Market
Silver (XAGUSD), H4:
Silver prices have experienced a significant technical recovery following a period of intense selling pressure, managing to reclaim ground above the key 61.8% Fibonacci retracement level at $81.05. This breach is a necessary first step in repairing the recent structural damage, suggesting that the worst of the sell-off may have passed and creating the potential for further near-term upside.
However, the recovery has notably lost momentum upon reaching this threshold. The bullish impulse that drove the rebound from the lows has visibly stalled, placing the metal at a precarious technical juncture. The immediate priority for bulls is to consolidate and establish support above the $81.05 level, converting it from resistance breached into a reliable floor. A successful defense of this level would validate the recovery and signal that silver is building a sustainable base for the next leg higher.
Conversely, a failure to sustain prices above the 61.8% Fibonacci retracement would carry significant negative implications. Such a breakdown would indicate that the recent rebound was merely a short-covering rally within a dominant downtrend rather than a genuine reversal. It would place silver back within its bearish trajectory and likely trigger a fresh wave of selling pressure, targeting a retest of the recent lows and potentially extending the correction.
Resistance Levels: 91.95, 103.70
Support Levels:81.15, 71.30
AUDUSD, H4
The AUDUSD pair has delivered a clear and actionable bullish signal, completing a textbook double-bottom reversal pattern. The pair is now progressively breaking above the pattern’s immediate resistance line at 0.7120, a level that has served as a formidable ceiling. This breach reinforces the bullish bias established by the pattern’s formation and suggests that the prior downtrend has been conclusively invalidated.
The constructive price action is strongly supported by a synchronized bullish shift in momentum indicators. The Relative Strength Index has ascended into overbought territory, reflecting robust and sustained buying pressure. Simultaneously, the Moving Average Convergence Divergence indicator has rebounded decisively above its zero line and continues to trend higher, confirming that positive momentum is not merely present but is actively accelerating.
In summary, the technical outlook for AUDUSD has turned unequivocally bullish. The confluence of a major reversal pattern, a confirmed breakout above resistance, and powerfully aligned momentum oscillators establishes a high-probability setup for continued upside. The immediate focus is on sustaining price action above the 0.7120 breakout level, which should now serve as new support. A successful hold here would open a clear path toward the next resistance objectives. The bullish scenario would only be invalidated by a decisive reversal back below the double-bottom’s neckline, a development that appears increasingly unlikely given the current strength of momentum.
Resistance Levels: 0.7230, 0.7290
Support Levels: 0.7015, 0.6910
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