Trend Theme： GBP/USD: 21-day EMA defends bulls amid UK stimulus hopes.
Trend Review：GBP/USD sellers catch a breather around 1.3935-40 amid the initial Asian session trading on Monday. UK Chancellor Sunak is up for five billion pound help to British businesses. Immediate EMA, multiple support lines test two-day downtrend.
|PP||Resistance*||1.4009 *||1.4089 **||1.4149 ***|
|1.3950||Support*||1.3869 *||1.3810 **||1.3730 ***|
Trend Theme：AUD/USD bounces back above 0.7750.
Trend Review：AUD/USD bounces from three-week low flashed on Friday. RBA’s surprise bond purchase, upbeat US data portrayed heaviest decline since March 18, 2020. Treasury yields, US stimulus headlines and month-start activity numbers will be the key.
|PP||Resistance*||0.7822 *||0.7949 **||0.8015 ***|
|0.7757||Support*||0.7630 *||0.7564 **||0.7437 ***|
Trend Theme：WTI remains supported above $62.00, but weighed by buoyant US dollar.
Trend Review：A buoyant US dollar into the month-end is weighing on USD-priced crude oil markets on the final trading day of the week. On the day, front-month futures contracts for the American benchmark for sweet light crude, called West Texas Intermediary or WTI, have slipped more than $1.0 and back into the low $62.00s.
|PP||Resistance*||62.90 *||64.35 **||65.18 ***|
|62.08||Support*||60.63 *||59.80 **||58.36 ***|
Trend Theme：Gold corrects to the 50% mean reversion target.
Trend Review：Gold prices have corrected a significant portion of the latest bearish impulse. Failures at this resistance could lead to a fresh downside impulse. The price is now testing the bear’s commitments which could lead to downside extension failures at this juncture.
|PP||Resistance*||1762.80 *||1798.68 **||1821.46 ***|
|1740.02||Support*||1704.14 *||1681.36 **||1645.48 ***|