GBP/USD

Trend Theme:GBP/USD remains confined above 1.2700 ahead of UK CPI, FOMC Minutes.
Trend Review:The GBP/USD pair remains confined around 1.2710 during the early Asian session on Wednesday. Financial markets await fresh impetus, with the release of the UK Consumer Price Index and FOMC Minutes due on Wednesday.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.27165 * | 1.27182 ** | 1.2723 *** |
| 1.27134 | Support* | 1.27117 * | 1.27086 ** | 1.27038 *** |
Weekly forecast:

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AUD/USD

Trend Theme:AUD/USD keeps range below 0.6700 amid cautious markets.
Trend Review:AUD/USD keeps its range trade intact in Asian trading on Wednesday, consolidating the previous drop below 0.6700. Markets turn cautious ahead of the Fed Minutes and Nvidia earnings report, leaving the higher-yielding Aussie on the edge.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 0.66716 * | 0.66734 ** | 0.66784 *** |
| 0.66684 | Support* | 0.66666 * | 0.66634 ** | 0.66584 *** |
Weekly forecast:

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WTI

Trend Theme:Oil eases further after string of technical rejections.
Trend Review:Oil tests the support of its 2024 rally again on Tuesday. Markets disregard current events in the Middle East as there is no risk for output in the region. The US Dollar Index is looking for direction, caught in a tight range at the beginning of the week.
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 clings to mild losses ahead of FOMC Minutes.
Trend Review:Gold price trades on a negative note on Wednesday after retreating from a record high on Monday. Members of the Federal Reserve warned that the US central bank needed much more convincing that inflation was easing before it could begin cutting interest rates, emphasizing the Fed is likely to keep rates higher for longer.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 2424.02 * | 2425.51 ** | 2429.15 *** |
| 2421.87 | Support* | 2420.38 * | 2418.23 ** | 2414.59 *** |
Weekly forecast:

