AUD/USD

Trend Theme:AUD/USD drops to 0.6650 on risk-off mood.
Trend Review:AUD/USD has come under fresh selling pressure, dropping near 0.6650 amid broad risk-aversion-led US Dollar demand in Asian trades on Tuesday. The pair fails to find any inspiration from the RBA’s hawkish Minutes. More Fedspeak awaited.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 0.66609 * | 0.6669 ** | 0.66845 *** |
| 0.66535 | Support* | 0.66454 * | 0.6638 ** | 0.66225 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY extends gains to near 156.50, tracking positive US yields.
Trend Review:USD/JPY is extending previous gains to test 156.50, despite the comments from Japan’s Finance Minister Shunichi Suzuki. The pair stays supported amid an uptick in the US Treasury bond yields and the US Dollar after Fed officials adopted a cautious stance on the inflation and policy outlook.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 156.497 * | 156.522 ** | 156.581 *** |
| 156.463 | Support* | 156.438 * | 156.404 ** | 156.345 *** |
Weekly forecast:

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WTI

Trend Theme:Fed officials’ speeches dampened prospects for interest rate cuts, oil prices came under slight pressure.
Trend Review:Oil prices edged lower on Monday as Federal Reserve officials said they were waiting for more signs of falling inflation before starting to cut interest rates.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 79.036 * | 79.142 ** | 79.332 *** |
| 78.952 | Support* | 78.846 * | 78.762 ** | 78.572 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold price turns red amid renewed US Dollar demand.
Trend Review:Gold price loses its recovery momentum on Tuesday after reaching a record high earlier. The lack of fresh catalysts in a quiet session in terms of top-tier economic data might limit the precious metal’s upside.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 2423.5 * | 2426.17 ** | 2432.54 *** |
| 2419.8 | Support* | 2417.13 * | 2413.43 ** | 2407.06 *** |
Weekly forecast:

