EUR/USD

Trend Theme:GBP/USD holds steady near its highest level since September 9, just below mid-1.2500s.
Trend Review:The GBP/USD pair trades with a positive bias for the fourth successive day on Wednesday and hovers around the 1.2535-1.2540 area during the Asian session, just below its highest level since September 9 touched the previous day.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.2563 * | 1.2591 ** | 1.2622 *** |
| 1.2532 | Support* | 1.2505 * | 1.2474 ** | 1.2446 *** |
Weekly forecast:

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AUD/USD

Trend Theme:Australian Dollar attempts to recover recent losses post FOMC minutes.
Trend Review:The Australian Dollar (AUD) appears to be recovering some of the recent losses from the previous trading session. Following a corrective move by the US Dollar (USD) after the Federal Open Market Committee (FOMC) meeting minutes on Tuesday, the AUD/USD pair retreated from a three-month high.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 0.6582 * | 0.6609 ** | 0.6628 *** |
| 0.6563 | Support* | 0.6537 * | 0.6518 ** | 0.6492 *** |
Weekly forecast:

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WTI

Trend Theme:Oil prices fluctuate below 200-day moving average as market prepares for OPEC production cuts.
Trend Review:Oil prices took a breather on Tuesday after two consecutive sessions of gains, with investors cautious ahead of Sunday’s scheduled OPEC+ meeting, where the producer group is likely to discuss deepening production cuts amid slowing global economic growth. Industry data on U.S. crude supplies showed crude inventories rising. Oil prices have fallen about 16% since the end of September as crude output in the United States, the world’s top producer, remains at record highs and amid concerns about growing demand and a slowing economy.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 78.23 * | 78.58 ** | 79.22 *** |
| 77.59 | Support* | 77.24 * | 76.60 ** | 76.25 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold advances to $2,000 on the lower US yields.
Trend Review:Gold price attracts some buyers and breaks above $2,000 during the early Asian trading hours on Wednesday. The uptick of the precious metal is boosted by the lower US Treasury bond yields and the weaker US dollar.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2012.16 * | 2025.18 ** | 2042.73 *** |
| 1994.61 | Support* | 1981.59 * | 1964.04 ** | 1951.02 *** |
Weekly forecast:

