GBP/USD

Trend Theme:GBP/USD rises toward 1.2700 on renewed USD weakness.
Trend Review:GBP/USD trades in the green above 1.2650 in the second half of the day on Monday. After outperforming its rivals on upbeat PMI data on Friday, the US Dollar stays on the back foot amid a positive shift in risk sentiment, allowing the pair to extend its rebound.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.26887 * | 1.26899 ** | 1.26935 *** |
| 1.26863 | Support* | 1.26851 * | 1.26827 ** | 1.26791 *** |
Weekly forecast:

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USD/CAD

Trend Theme:USD/CAD remains on the defensive near 1.3650 ahead of Canadian CPI data.
Trend Review:The USD/CAD pair remains on the defensive around 1.3655 during the early Asian session on Tuesday. The USD Index retreats from nearly two-month tops to 105.50, exerting some selling pressure on the pair. Investors will focus on the Canadian Consumer Price Index inflation report, which is forecast to cool slightly for the year through May.
Today Advise:Sideway
Key Levels:
| PP | Resistance* | 1.36552 * | 1.36573 ** | 1.36606 *** |
| 1.3654 | Support* | 1.36519 * | 1.36507 ** | 1.36474 *** |
Weekly forecast:

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WTI

Trend Theme:Strong demand expectations + dollar decline, oil prices rise to the highest level since early May, bulls may continue to attack.
Trend Review:Oil prices rose about 1% on Monday to their highest close since early May, helped by the prospect of strong summer driving demand and supply concerns due to tensions in the Middle East and drone attacks on Russian refineries. A weaker dollar also added to the strength in crude prices.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 81.721 * | 81.853 ** | 82.082 *** |
| 81.624 | Support* | 81.492 * | 81.395 ** | 81.166 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold price rises as buyers stepped in ahead of crucial US PCE report.
Trend Review:Gold jumped off last Friday’s low and benefitted from a weaker US Dollar on Monday. On Friday, investors are bracing for the release of the Federal Reserve’s preferred gauge for inflation, the Personal Consumption Expenditures Price Index.
Today Advise:Sideway
Key Levels:
| PP | Resistance* | 2330.03 * | 2331.97 ** | 2335.08 *** |
| 2328.86 | Support* | 2326.92 * | 2325.75 ** | 2322.64 *** |
Weekly forecast:

