Summary: Market reassesses Fed rate path after strong payrolls. Focus shifts to technical extremes and divergences. Analysis of AUDUSD, silver, EURGBP, and NAS100 with specific entry zones.




Market Overview: Consolidation After the Shock Move

Following Friday‘s outsized reaction to US jobs data, Asian markets on Monday (June 8, 2026) are showing tentative consolidation. The USD rally is pausing near key technical resistance, creating potential reversal or continuation setups. Today’s analysis focuses on four instruments showing clear structural edges.

1. AUDUSD: Approaching Major Support Zone

Current Price: 0.6520
Direction: Cautiously Bullish / Buy at Support
The pair has dropped nearly 400 pips over two weeks, reaching a critical demand zone. The 0.6500-0.6480 area has acted as a major historical floor on the weekly chart, rejecting price multiple times since 2023. RSI on the daily chart is now below 30, signaling oversold conditions.
  • Resistance: 0.6580, 0.6630

  • Support: 0.6500, 0.6470 (Critical)

  • Strategy: Avoid chasing shorts at current levels. Look for bullish reversal candlestick patterns (hammer or engulfing) near 0.6500 to initiate long positions targeting a retracement to 0.6580. Stop below 0.6470. A daily close above 0.6630 would confirm a short-term bottom.


    • 2. XAGUSD: Silver Tests Key Fibonacci Retracement

    Current Price: $30.15
    Direction: Neutral / Awaiting Breakout
    Industrial metal silver suffered a sharper percentage drop than gold post-NFP. The 4-hour chart reveals the price is now testing the 61.8% Fibonacci retracement level of the April-May rally, measured from $26.50 to $36.20. This level often attracts dip-buyers, but momentum remains firmly bearish.
  • Resistance: $30.80, $31.50

  • Support: $29.80, $29.20

  • Strategy: Neutral. Aggressive traders can attempt a scalp long with a tight stop near $29.70, targeting $30.80. However, the primary bias turns bearish if $29.80 gives way, which would open a path toward $29.20. Wait for a 4-hour close above $30.80 to confirm a rebound.


    • 3. EURGBP: Descending Triangle in Play

    Current Price: 0.8485
    Direction: Bearish / Sell on Rallies
    The cross remains trapped within a well-defined descending triangle pattern on the daily chart, characterized by lower highs and flat support near 0.8460. While the ECB is softening rhetoric, the BoE’s sticky services inflation keeps rate cut expectations more muted.
  • Resistance: 0.8510, 0.8540 (Triangle upper boundary)

  • Support: 0.8460 (Critical), 0.8420

  • Strategy: Sell on rallies toward 0.8510, with a stop above 0.8545. The measured move of the triangle projects a downside target of 0.8420 if 0.8460 breaks. Patience is key; the pair may oscillate within the range for another 2-3 sessions before a decisive breakdown.


    • 4. NAS100: Tech Faces Stiff Resistance

    Current Price: 19,850
    Direction: Bearish / Fading Strength
    The NAS100 futures (US Tech 100) gapped higher but failed to sustain momentum, forming a bearish shooting star candlestick on the 4-hour chart. The divergence between tech valuations and rising risk-free yields (US 10-year at 4.55%) is becoming unsustainable. Institutional flow data shows continued net selling of tech ETFs over the past three sessions.
  • Resistance: 19,950, 20,100

  • Support: 19,700, 19,450

  • Strategy: Prefer short positions near 19,900-19,950, aiming for a retest of the 19,700 gap fill level. A break below 19,700 would accelerate selling toward 19,450. Only a daily close above 20,100 would negate the bearish view.


    • Reference:
    All price data, technical levels, and market commentary are based on live feeds from Bloomberg Terminal (as of 02:30 GMT), TradingView’s real-time indices, and forex economic calendars from FXStreet and Investing.com for June 8, 2026.