EUR/USD
Trend Theme：EUR/USD grinds chart paper above 1.0800 after Fed fails to spark rate rally.
Trend Review：EUR/USD continues to settle closer to 1.0800 after a misfire in market expectations of Federal Reserve Chairman Jerome Powell’s testimony before US Congress on Tuesday. Despite a head nod to improving inflation figures, the Fed is still leaning firmly in a cautionary stance.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.08172 * | 1.08186 ** | 1.08223 *** |
| 1.08149 | Support* | 1.08135 * | 1.08112 ** | 1.08075 *** |
Weekly forecast：
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AUD/USD
Trend Theme：AUD/USD saw some losses on Tuesday, eyes on Powell’s words and RBNZ decision.
Trend Review：The Australian Dollar racked up more losses on Tuesday against the USD, which managed to gain some ground due to cautious remarks by Jerome Powell. Nevertheless, the pair still maintains a strong position at its highest level since January.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 0.67456 * | 0.67475 ** | 0.67527 *** |
| 0.67423 | Support* | 0.67404 * | 0.67371 ** | 0.67319 *** |
Weekly forecast：
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WTI
Trend Theme：US crude oil hub not seriously damaged by Hurricane Beryl, “Three Crows” appear.
Trend Review：Oil prices fell more than 1% on Tuesday, recording three consecutive negatives on the daily line, as traders learned that Hurricane Beryl is unlikely to cause long-term supply disruptions after an oil production center in Texas, the United States, suffered less storm damage than feared. Crude oil fell after encountering resistance near a nearly two-and-a-half-month high, recording the “Three Crows” top signal, MACD initially crossed, and KDJ continued to cross. Oil prices initially peaked, and the market outlook tended to fluctuate downward.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 81.113 * | 81.152 ** | 81.214 *** |
| 81.09 | Support* | 81.051 * | 81.028 ** | 80.966 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price edges higher ahead of Fed Chair Powell’s second testimony.
Trend Review：The Gold price trades with mild gains on Wednesday during the early Asian session. The growing speculation that the US Federal Reserve is likely to start cutting rates as early as September continues to support the non-yielding metal.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2366.44 * | 2367.35 ** | 2369.12 *** |
| 2365.58 | Support* | 2364.67 * | 2363.81 ** | 2362.04 *** |
Weekly forecast：
