EUR/USD
Trend Theme：EUR/USD gathers strength around the mid-1.0800s on a softer US Dollar.
Trend Review：EUR/USD trades on a stronger note near 1.0845 in Monday’s early Asian session. The uptick of the major pair is supported by the weaker US Dollar. Investors will closely watch the European Central Bank monetary policy meeting on Thursday, with no change in rate expected.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.0844 * | 1.0871 ** | 1.0900 *** |
| 1.0826 | Support* | 1.0809 * | 1.0781 ** | 1.0764 *** |
Weekly forecast：
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AUD/USD
Trend Theme：AUD/USD loses ground above 0.6500 despite the softer USD.
Trend Review：The AUD/USD pair trades on a weaker note below the mid-0.6500s during the early Asian session on Monday. The pair loses traction despite the lower US Dollar and US yields. Investors await the release of GDP for the fourth quarter ahead of US Nonfarm Payrolls.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 0.6546 * | 0.6562 ** | 0.6591 *** |
| 0.6518 | Support* | 0.6502 * | 0.6474 ** | 0.6457 *** |
Weekly forecast：
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WTI
Trend Theme：Russia’s production cut statement was a surprise, and US oil stood at the 80 mark for the first time in four months.
Trend Review：OPEC+ members agreed on Sunday to extend a voluntary production cut of 2.2 million barrels per day (BPD) into the second quarter. While Opec + is widely expected to continue its production cuts, Russia’s announcement could further boost oil prices. Continuous U.S. crude oil contracts rose above the $80 mark for the first time in nearly four months to $80.40 a barrel, up 28 cents, or 0.35 percent, on the day.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 80.56 * | 81.78 ** | 83.23 *** |
| 79.11 | Support* | 77.89 * | 76.44 ** | 75.22 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold holds below the $2,100 mark, a nine-week high, eyes on Chinese Services PMI data.
Trend Review：Gold price rose to a nine-week high below the $2,100 mark during the Asian session on Monday. The downbeat US economic data on Friday triggered speculation about the interest rate cuts later this year. Additionally, the lower US Treasury yields added impetus to the rise in investor demand for the yellow metal.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2101.60 * | 2119.63 ** | 2150.87 *** |
| 2070.36 | Support* | 2052.33 * | 2021.09 ** | 2003.06 *** |
Weekly forecast：
