EUR/USD

Trend Theme:EUR/USD holds below 1.0700, investors await US CPI, Eurozone GDP data.
Trend Review:The EUR/USD pair kicks off the week in a positive mood during the early Asian trading hours on Monday. The rebound of the pair is supported by the consolidation mood of the US Dollar. The pair bounces off last week’s low of 1.0656 and remains capped under the 1.0700 barrier.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.0700 * | 1.0715 ** | 1.0736 *** |
| 1.0678 | Support* | 1.0663 * | 1.0642 ** | 1.0627 *** |
Weekly forecast:

————————————————————————————————-
AUD/USD

Trend Theme:AUD/USD moves sideways with a negative bias due to RBA dovish stance.
Trend Review:The AUD/USD aims to continue a week-long slump and walks on a tightrope above 0.6350 while the US Dollar keeps weakening on Monday despite higher US Treasury yields. However, the pair feels the squeeze after the Reserve Bank of Australia struck a dovish chord in their recent meeting.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 0.6376 * | 0.6391 ** | 0.6409 *** |
| 0.6357 | Support* | 0.6342 * | 0.6324 ** | 0.6309 *** |
Weekly forecast:

—————————————————————————————————
WTI

Trend Theme:WTI Trades back and forth above $75.
Trend Review:The oil price struggles for a direction as investors seek fresh developments in the Israel-Hamas war. A hawkish guidance from Fed Powell on interest rates has dampened the oil demand outlook. WTI trades sideways due to a Symmetrical Triangle chart formation.
Today Advise:Neture
Key Levels:
| PP | Resistance* | 78.19 * | 79.13 ** | 80.55 *** |
| 76.77 | Support* | 75.83 * | 74.41 ** | 73.47 *** |
Weekly forecast:

—————————————————————————————————
XAU/USD

Trend Theme:Gold recovers some lost ground around $1,940, US CPI data eyed.
Trend Review:Gold trades in positive territory during the early Asian session on Monday. The consolidation of the US Dollar lends some support to the precious metal. However, the higher US Treasury bond yield might cap gold’s upside in the next session. XAU/USD price is trading around $1,940, up 0.22% on the day.
Today Advise:Neture
Key Levels:
| PP | Resistance* | 1953.69 * | 1971.23 ** | 1981.55 *** |
| 1943.37 | Support* | 1925.83 * | 1915.51 ** | 1897.97 *** |
Weekly forecast:

