GBP/USD

Trend Theme:GBP/USD recovers above 1.2650 with FOMC Minutes.
Trend Review:The GBP/USD pair posts modest losses during the early Asian session on Thursday. The recovery of the US Dollar and US Treasury bond yields exerts some selling pressure on the pair. GBP/USD is trading at 1.2665, up 0.01% on the day.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.2689 * | 1.2713 ** | 1.2750 *** |
| 1.2652 | Support* | 1.2628 * | 1.2591 ** | 1.2566 *** |
Weekly forecast:

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AUD/USD

Trend Theme:AUD/USD edges lower on risk-off sentiment, improved US Dollar.
Trend Review:The AUD/USD faces challenges as it struggles to halt its losing streak, trading near 0.6730 on Thursday. The pair is under downward pressure due to risk-off sentiment and a general bearish session in the commodity complex. The softer Judo Bank PMI data further adds pressure on the Aussie Dollar.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 0.6764 * | 0.6801 ** | 0.6832 *** |
| 0.6733 | Support* | 0.6695 * | 0.6664 ** | 0.6626 *** |
Weekly forecast:

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WTI

Trend Theme:Oil prices rebounded more than 3 percent from near three-week lows after Libya shut down oil fields and renewed tensions in the Red Sea.
Trend Review:Disruptions at Libya’s top oil fields on Wednesday added to concerns that rising tensions in the Middle East could disrupt global oil supplies, and international crude prices climbed about 3 percent. Both oil benchmarks closed higher for the first time in five days, with WTI crude gaining the most percentage since mid-November.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 74.46 * | 75.79 ** | 78.31 *** |
| 71.93 | Support* | 70.60 * | 68.08 ** | 66.74 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold recovers some lost ground above $2,050, US ADP report eyed.
Trend Review:Gold price bounces off the multi-day lows near $2030 per ounce and hovers around $2,042 during the early Asian session on Thursday. The stronger US Dollar and higher US Treasury bond yields weigh on the yellow metal.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2061.18 * | 2081.34 ** | 2096.59 *** |
| 2045.93 | Support* | 2025.77 * | 2010.52 ** | 1990.36 *** |
Weekly forecast:

