Trend Theme： AUD/USD drops to 0.7750 amid US dollar strength, ahead of RBA.
Trend Review：AUD/USD trades close to 0.7750, extending retreat from 0.7780, aa the US dollar extends its recent advances amid risk-off market mood. The dismal Aussie Building Permits data adds to the weight on the Aussie dollar. RBA decision awaited.
|PP||Resistance*||0.7805 *||0.7837 **||0.7886 ***|
|0.7755||Support*||0.7723 *||0.7674 **||0.7642 ***|
Trend Theme：USD/JPY: Bulls target 106.95.
Trend Review：USD/JPY bulls are in control into the Tokyo open and eye 107 the figure. The 15-min time frame offers prospects of a discount to target higher highs. The price is in bullish conditions according to the hourly and 15-min time frames and is expected to make a continuation to test the bear’s commitments at and around 107 the figure.
|PP||Resistance*||106.98 *||107.20 **||107.51 ***|
|106.67||Support*||106.46 *||106.15 **||105.94 ***|
Trend Theme：WTI: Crude drops below $60 after head-and-shoulders breakdown.
Trend Review：WTI crude printed a low of $59.86 soon before press time, having confirmed a head-and-shoulders (H&S) breakdown, a bearish reversal pattern, on the hourly chart on Monday. Oil could drop further, as the H&S breakdown has opened the doors for $59.13 (target as per the measured move method).
|PP||Resistance*||62.16 *||63.95 **||65.09 ***|
|61.02||Support*||59.23 *||58.09 **||56.30 ***|
Trend Theme：Gold: Bears testing the commitments of the bulls.
Trend Review：Gold prices are carving out a lower low in contrast to corrective expectations. Bulls can target a daily bullish retracement, anticipating a bid from deep with demand ahead of $1,700. In Asia, the price has printed a fresh cycle low of $1713.86.
|PP||Resistance*||1749.25 *||1774.75 **||1789.51 ***|
|1734.49||Support*||1708.99 *||1694.23 **||1668.73 ***|