AUD/USD

Trend Theme:AUD/USD holds higher ground above 0.6450 on risk-on mood.
Trend Review:AUD/USD is holding higher ground above 0.6450 in the Asian session on Tuesday. The pair capitalizes on the extended risk-on flows into Asia from Wall Street overnight. Upbeat Australian Composite PMI also supports the Aussie ahead of US PMI data.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 0.64665 * | 0.64706 ** | 0.64816 *** |
| 0.64596 | Support* | 0.64555 * | 0.64486 ** | 0.64376 *** |
Weekly forecast:

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USD/JPY

Trend Theme:Japanese Yen bounces off multi-decade low against USD, lacks follow-through.
Trend Review:The Japanese Yen draws some support from the possibility of a government intervention. The divergent BoJ-Fed expectations and easing Middle East tensions cap the safe-haven JPY. Traders also seem reluctant ahead of the key US macro data and BoJ meeting later this week.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 154.765 * | 154.789 ** | 154.84 *** |
| 154.738 | Support* | 154.714 * | 154.687 ** | 154.636 *** |
Weekly forecast:

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WTI

Trend Theme:Oil prices fell to fresh lows in more than three weeks as worries about widespread war in the Middle East eased.
Trend Review:Crude oil futures fell on Monday as traders believed there was little short-term risk from the conflict in the Middle East affecting supply, and concerns about a further deterioration of the situation cooled, putting significant pressure on oil prices.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 82.191 * | 82.257 ** | 82.442 *** |
| 82.072 | Support* | 82.006 * | 81.887 ** | 81.702 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold price extends sell-off to test $2,300, US PMIs awaited.
Trend Review:Gold price extends correction early Tuesday as the Middle East’s woes abate. The pullback in the price of Gold could be attributed to profit-taking, as mentioned by Jim Wyckoff of Kitco News, alongside the risk-on trades. Focus shifts to key US PMI data.
Today Advise:Baerish
Key Levels:
| PP | Resistance* | 2302.48 * | 2324.24 ** | 2340.18 *** |
| 2308.3 | Support* | 2370.96 * | 2292.36 ** | 2276.42 *** |
Weekly forecast:

