GBP/USD
Trend Theme：GBP/USD holds below 1.2850, all eyes on Fed rate decision.
Trend Review：The GBP/USD pair remains on the defensive near 1.2840 during the early Asian trading hours on Wednesday. The markets might turn cautious ahead of the Federal Reserve Interest Rate Decision on Wednesday, followed by the Bank of England policy meeting on Thursday.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.2844 * | 1.28472 ** | 1.28524 *** |
| 1.2842 | Support* | 1.28388 * | 1.28368 ** | 1.28316 *** |
Weekly forecast：
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AUD/USD
Trend Theme：AUD/USD breaches 0.6500 to hit three-month lows after Australian CPI data.
Trend Review：AUD/USD has come under intense selling pressure, hitting fresh three-month lows below 0.6500 after softer RBA Trimmed Mean CPI inflation, which reinforced RBA rate cut bets. The Aussie ignores upbeat Australian Retail Sales and Chinese PMIs. Fed is next in focus.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 0.65362 * | 0.65394 ** | 0.65446 *** |
| 0.65342 | Support* | 0.6531 * | 0.6529 ** | 0.65238 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices fell 1% to a seven-week low on demand concerns, with China’s PMI and EIA data in focus.
Trend Review：Oil prices fell about 1% on Tuesday to close at a seven-week low as investors worried that demand from Asia’s biggest economies could weaken while OPEC+ looked likely to stick to plans to increase supply.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 75.219 * | 75.311 ** | 75.535 *** |
| 75.087 | Support* | 74.995 * | 74.863 ** | 74.639 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price bulls turn cautious ahead of the crucial FOMC policy decision.
Trend Review：Gold price consolidates the previous day’s strong move up and holds above the $2,400 mark during the Asian session on Wednesday. Traders now seem reluctant and await more cues about the Fed’s policy path before committing to the next leg of a directional move. Hence, the focus remains on the outcome of a two-day FOMC meeting.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2409.28 * | 2412.42 ** | 2418.35 *** |
| 2406.49 | Support* | 2403.35 * | 2400.56 ** | 2394.63 *** |
Weekly forecast：
