EUR/USD

Trend Theme:EUR/USD weakens below 1.0850 as the leftist New Popular Front leads exit poll in French election.
Trend Review:The EUR/USD pair trades on a weaker note near 1.0830 on Monday during the early Asian trading hours. The political uncertainty in France after the second voting round of French parliamentary elections on Sunday exerts some selling pressure on the Euro.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.08294 * | 1.08311 ** | 1.0834 *** |
| 1.08282 | Support* | 1.08265 * | 1.08253 ** | 1.08224 *** |
Weekly forecast:

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AUD/USD

Trend Theme:AUD/USD edges lower as US Dollar gains demand due to risk aversion.
Trend Review:The Australian Dollar edges lower due to risk aversion on Monday. The renewed US Dollar demand puts pressure on the AUD/USD pair. The AUD could limit its downside due to persistently high inflation and stronger Retail Sales and Services PMI. These factors might prompt the Reserve Bank of Australia to delay potential rate cuts.
Today Advise:Neutral
Key Levels:
| PP | Resistance* | 0.67502 * | 0.6752 ** | 0.67553 *** |
| 0.67487 | Support* | 0.67469 * | 0.67454 ** | 0.67421 *** |
Weekly forecast:

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WTI

Trend Theme:Expectations of increased supply and US non-farm payrolls weighed on WTI, causing it to fall below $82.50.
Trend Review:Recent data showed OPEC increased production in June, causing WTI prices to fall slightly. Geopolitical conflict talks showed potential for improvement, putting downward pressure on oil prices.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 82.442 * | 82.487 ** | 82.624 *** |
| 82.35 | Support* | 82.305 * | 82.213 ** | 82.076 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold edges lower below $2,400, PBoC refrains from gold purchases for second month.
Trend Review:Gold price attracts some sellers near $2,385, snapping the three-day winning streak during the early Asian trading hours on Monday. The downtick of the yellow metal is backed by the modest rebound of the Greenback and the Chinese central bank paused Gold buying for the second month.
Today Advise:Neutral
Key Levels:
| PP | Resistance* | 2386.79 * | 2387.32 ** | 2388.71 *** |
| 2385.93 | Support* | 2385.4 * | 2384.54 ** | 2383.15 *** |
Weekly forecast:

