RedstoneFx Analyst
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Redstone Morning Analysis 15/6/2021

AUD/USD

Trend Theme:AUD/USD struggles to defend 0.7700, RBA minutes, full markets eyed.

Trend Review:AUD/USD hangs in balance around 0.7700 after a negative week. Off in Australia, China and a light calendar elsewhere joined pre-Fed caution to offer dull markets. Full markets, RBA minutes will battle tense conditions, gold prices should be tracked as well.

Today Advise:Bullish

Key Levels:

PPResistance*0.7728 * 0.7745 **0.7763 ***
0.7710Support*0.7694 *0.7676 ** 0.7659 ***

Position Datas:

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NZD/USD

Trend Theme:NZD/USD: Corrective pullback capped below 0.7150 amid mixed clues.

Trend Review:NZD/USD picks up bids to 0.7145, inside a short-term trading range, amid the early Asian session trading on Tuesday. The kiwi pair posted mild gains the previous day as the US dollar buyers took a breather and economic forecasts from the New Zealand Institute of Economic Research (NZIER) printed rosy scenario.

Today Advise:Bullish

Key Levels:

PPResistance*0.7157 *0.7170 **0.7185 ***
0.7142Support*0.7129 *0.7114 **0.7101 ***

Position Datas:

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WTI/USD

Trend Theme:WTI holds in bullish territory.

Trend Review:Oil prices have been mixed at the start of the week. WTI spot printed a low of $70.17 before recovering into positive territory at $71.17 ending 0.5% higher on the day but still below the highest levels in more than two years. US crude production is on the rise and Britain’s delayed COVID-19 reopening has dampened expectations for fuel demand growth and tighter supplies.

Today Advise:Bearish

Key Levels:

PPResistance*71.45 *71.94 **72.43 ***
70.96Support*70.46 *69.98 **69.48 ***

Position Datas:

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XAUUSD

Trend Theme:Gold bounce’s above $1,850 seeks confirmation.

Trend Review:Gold fades corrective pullback from a two-month low, around $1,867, during the early Asian session on Tuesday. Gold prices broke an ascending support line from March 31 on Friday and extended the south-run towards the lowest since mid-April the previous day.

Today Advise:Bullish

Key Levels:

PPResistance*1881.29 *1896.46 **1914.70 ***
1863.05Support*1847.88 *1829.64 **1814.47 ***

Position Datas:

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