AUD/USD

Trend Theme:AUD/USD drops back toward 0.6500 after softer Australian CPI data.
Trend Review:AUD/USD is heading back toward 0.6500 after a brief bounce in Asian trading on Wednesday. The Aussie pair is undermined by softer-than-expected Australian monthly CPI inflation data, which fans RBA rate cuts bets. Meanwhile, the US Dollar holds steady amid quiet markets.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 0.6559 * | 0.6575 ** | 0.6592 *** |
| 0.6542 | Support* | 0.6526 * | 0.6509 ** | 0.6493 *** |
Weekly forecast:

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USD/JPY

Trend Theme:Japanese Yen remains supported by reviving BoJ pivot bets, US data in focus.
Trend Review:The Japanese Yen (JPY) strenghtens during the Asian session on Tuesday following the release of slightly hotter-than-expected Japanese consumer inflation figures, which revived bets for an imminent shift in the Bank of Japan’s (BoJ) policy stance.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 150.79 * | 151.08 ** | 151.43 *** |
| 150.43 | Support* | 150.14 * | 149.79 ** | 149.50 *** |
Weekly forecast:

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WTI

Trend Theme:OPEC+ considers extension of voluntary production cuts, oil prices hit more than one-week high, focus on EIA data.
Trend Review:Oil prices rose more than $1 on Tuesday to a new high in more than a week on news that OPEC+ is considering extending its voluntary oil production cuts into the second quarter to provide more support.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 79.08 * | 79.76 ** | 80.80 *** |
| 78.03 | Support* | 77.36 * | 76.31 ** | 75.63 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold price creeps lower, holds narrow range before US GDP release.
Trend Review:Gold price modestly gains but is stuck in a narrow range in Tuesday’s mid-North American session, underpinned by the fall in US Treasury bond yields. Consequently, the Greenback (USD) weakens, as the US Dollar Index (DXY), which tracks the currency against six other currencies, drops 0.05%.
Today Advise:Neutral
Key Levels:
| PP | Resistance* | 2036.88 * | 2043.56 ** | 2047.58 *** |
| 2032.86 | Support* | 2026.18 * | 2022.16 ** | 2015.48 *** |
Weekly forecast:

