Trend Theme： EUR/USD eyes 50-day SMA hurdle.
Trend Review：EUR/USD’s daily chart shows a bullish breakout above falling trendline. The pair appears set to test higher resistance levels. EUR/USD looks north and could test the 50-day Simple Moving Average (SMA) hurdle of 1.2150, technical charts indicate.
|PP||Resistance*||1.2143 *||1.2169 **||1.2216 ***|
|1.2095||Support*||1.2069 *||1.2021 **||1.1995 ***|
Trend Theme： AUD/USD: Bulls losing conviction above 0.7700 on downbeat China CPI.
Trend Review：AUD/USD trades below 0.7750, back in the red amid downbeat Chinese CPI data and broad-based US dollar rebound. Market sentiment turns cautiously optimistic amid US stimulus hopes, ahead of US inflation report.
|PP||Resistance*||0.7753 *||0.7769 **||0.7797 ***|
|0.7726||Support*||0.7710 *||0.7682 **||0.7666 ***|
Trend Theme：WTI sees seventh day of gains, little changed after bullish API inventory numbers.
Trend Review：Front-month futures prices for the American benchmark for sweet light crude, West Texas Intermediary (or WTI), was little changed in wake of a bullish weekly API private inventory report released just after 21:30GMT. But WTI still managed its seventh day of gains as the underlying fundamental picture remains bullish.
|PP||Resistance*||58.80 *||59.32 **||60.12 ***|
|57.99||Support*||57.47 *||56.67 **||56.15 ***|
Trend Theme：Gold battles key upside hurdles below $1850.
Trend Review：Gold prices step back from one-week top, snap three-day uptrend. Although the receding strength of the bearish MACD signals favors the gold buyers, multiple resistances restrict the metal’s around $1840.
|PP||Resistance*||1846.80 *||1857.57 **||1866.50 ***|
|1837.87||Support*||1827.10 *||1818.17 **||1807.40 ***|