Trend Theme：AUD/USD: Pressured below 0.7800 on strong Treasury yields, focus on Aussie Retail Sales.
Trend Review：AUD/USD stays depressed after slipping from monthly top to print the heaviest fall in two weeks. Sino-American tension, reflation fears weigh on risks despite vaccine optimism, upbeat data from Australia, US also ignored. Aussie Retail Sales, updates from US-China virtual meeting eyed.
|PP||Resistance*||0.7824 *||0.7888 **||0.7925 ***|
|0.7786||Support*||0.7722 *||0.7685 **||0.7621 ***|
Trend Theme：USD/CAD bulls eye a significant retracement of daily bearish impulse.
Trend Review：The commodity-linked cross is currently trading at 1.2463 and higher by 0.47% at the time of writing having climbed from a low of 1.2365 to a high of 1.2481.
|PP||Resistance*||1.2554 *||1.2621 **||1.2715 ***|
|1.2460||Support*||1.2393 *||1.2298 **||1.2232 ***|
Trend Theme：WTI drops back below $62.00 amid vaccine rollout concerns and technical selling.
Trend Review：It’s been an ugly session for crude oil markets, with selling in the complex accelerating upon the arrival of US market participants from 11:00GMT. Front-month futures contracts for the American benchmark for sweet light crude oil, West Texas Intermediary or WTI, have dropped all the way below $62.00 from Asia Pacific and early European session levels in the $64.00s.
|PP||Resistance*||63.53 *||67.47 **||70.07 ***|
|60.93||Support*||56.99 *||54.39 **||50.45 ***|
Trend Theme：Gold retreats below $1,750 as Sino-American tension escalates.
Trend Review：Gold fades bounce off $1,719.70, drops for second consecutive day. US-China squabbles from Alaska join reflation fears but vaccine hopes seem to help S&P 500 Futures to print mild gains. BOJ, updates from Alaska and bond yields are the key.
|PP||Resistance*||1755.21 *||1773.54 **||1791.50 ***|
|1737.25||Support*||1718.92 *||1700.96 **||1682.63 ***|