Trend Theme：EUR/USD trades near two-month ascending trendline.
Trend Review：EUR/USD is sidelined near key trendline support in Asia. The daily chart shows signs of bull fatigue above 1.23. The pair needs to see quick progress above 1.23 to negate downside risks.
|PP||Resistance*||1.2296 *||1.2343 **||1.2375 ***|
|1.2264||Support*||1.2217 *||1.2185 **||1.2138 ***|
Trend Theme：USD/JPY seesaws near 103.00 despite chatters over Japan’s covid restrictions.
Trend Review：USD/JPY looks for a clear direction while holding above 103.00 in Tuesday’s Asian trading. The yen pair dropped to the fresh low in 10 months the previous day before closing with near opening levels with the Doji candlestick on the daily chart.
|PP||Resistance*||103.40 *||103.66 **||104.01 ***|
|103.06||Support*||102.80 *||102.45 **||102.19 ***|
Trend Theme：WTI under immense pressure on risk-off Wall Street.
Trend Review：WTI is trading at $47.71 between a range of $47.28 and $49.80 bbls, losing 0.84% at the time of writing. The price of a barrel of oil dropped from multi-month highs in volatile trade to start the year.
|PP||Resistance*||49.15 *||50.84 **||51.78 ***|
|48.20||Support*||46.51 *||45.57 **||43.88 ***|
Trend Theme：Gold refreshes two-month high near $1,950 amid risk-aversion.
Trend Review：Gold buyers flirt with $1,945, the highest in eight weeks, during Tuesday’s Asian trading. The quote recently refreshed multi-day high while extending the previous day’s heavy run-up, the most since early November, as the coronavirus (COVID-19) fears gain momentum.
|PP||Resistance*||1957.70 *||1971.57 **||1998.58 ***|
|1930.69||Support*||1916.82 *||1889.81 **||1875.94 ***|