USD/CAD
Trend Theme：USD/CAD holds below the 1.3600 barrier, eyes on BoC rate decision.
Trend Review：The USD/CAD pair holds below the 1.3600 barrier during the early Asian trading hours on Tuesday. The Bank of Canada will announce the interest rate decision on Wednesday, with no change in rate expected. Meanwhile, the decline in oil prices weighs on the Loonie and provides some support to the pair.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.3592 * | 1.3607 ** | 1.3630 *** |
| 1.3569 | Support* | 1.3553 * | 1.3530 ** | 1.3515 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY eases below 150.50 on hot Japanese inflation data.
Trend Review：USD/JPY is easing below 150.50 in the Asian session on Tuesday. The Japanese Yen gathered strength after the country’s inflation increased and exceeded the BoJ’s 2% target in February. The focus now shifts to the US ISM Services PMI data.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 150.78 * | 151.04 ** | 151.51 *** |
| 150.31 | Support* | 150.05 * | 149.58 ** | 149.32 *** |
Weekly forecast：
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WTI
Trend Theme：Despite OPEC+ ‘s announcement to extend voluntary production cuts, weak demand still dragged down oil prices.
Trend Review：Oil prices rose nearly 1 percent on Monday as OPEC+ extended voluntary production cuts until mid-year, as expected, but then turned negative as demand concerns gripped the market.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 79.48 * | 80.54 ** | 81.18 *** |
| 78.84 | Support* | 77.78 * | 77.15 ** | 76.09 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold retreats from 2024 highs at $2,120 ahead of key US data.
Trend Review：Gold price is retreating from near the highest level so far this year at $2,120 on Monday. A modest US Dollar recovery amid risk-aversion is exerting downside pressure on the Gold price. All eyes now remain on the US ISM Services PMI data and Fedspeak for fresh impetus.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2131.28 * | 2145.84 ** | 2171.71 *** |
| 2105.41 | Support* | 2090.85 * | 2064.98 ** | 2050.42 *** |
Weekly forecast：
