Trend Theme：NZD/USD: Bulls taking on the hourly resistance ahead of RBNZ.
Trend Review：There are downside prospects ahead of the Reserve Bank of New Zealand event today as the following illustrates from an hourly and 4-hourly perspective. The price is testing hourly resistance ahead of the event, supported by the hourly support structure.
|PP||Resistance*||0.7075 *||0.7097 **||0.7132 ***|
|0.7039||Support*||0.7017 *||0.6982 **||0.6960 ***|
Trend Theme：USD/JPY bears on top in Tokyo open.
Trend Review：USD/JPY moves lower in Tokyo on risk-off flows. USD/JPY probed as high as 109.75 overnight but the market’s exodus from the greenback sunk the pair to these fresh lows seen in this Tokyo open. The US dollar is on the backfoot following a bearish US session.
|PP||Resistance*||109.54 *||110.01 **||110.27 ***|
|109.28||Support*||108.80 *||108.54 **||108.07 ***|
Trend Theme：WTI stays firmer above $60.00 following higher draw in API inventories.
Trend Review：Having flashed the strongest gains in two weeks, WTI remains positive around $60.50 amid the initial Asian session trading on Wednesday. In doing so, the energy benchmark respects a higher than the previous draw in weekly stockpile data from the American Petroleum Institute (API) as well as the US dollar weakness.
|PP||Resistance*||60.86 *||61.22 **||61.82 ***|
|60.26||Support*||59.89 *||59.30 **||58.93 ***|
Trend Theme：Gold fades recovery moves around $1,750 as risk dwindles.
Trend Review：Gold wavers in a choppy range around weekly top. Vaccine woes weigh on market sentiment amid a light calendar. US dollar pares latest losses, Treasury yields also pause after heavy drop. ECB, Fed leaders’ speech, risk catalysts will be crucial for fresh impulse.
|PP||Resistance*||1754.89 *||1764.51 **||1780.06 ***|
|1739.34||Support*||1729.72 *||1714.17 **||1704.55 ***|