Trend Theme： Daily RSI teases bull reversal.
Trend Review：EUR/USD’s daily chart RSI charts a bullis reversal pattern. The pair is yet to take out the 50-day SMA hurdle. EUR/USD’s 14-day Relative Strength Index (RSI) has carved out an inverse head-and-shoulders bullish reversal pattern.
|PP||Resistance*||1.2147 *||1.2177 **||1.2209 ***|
|1.2115||Support*||1.2085 *||1.2052 **||1.2022 ***|
Trend Theme：NZD/USD extends daily rally beyond 0.7260 amid ongoing USD selloff.
Trend Review：The NZD/USD pair closed above 0.7200 on Thursday and preserved its bullish momentum on Friday. As of writing, the pair was up 0.62% on the day at 0.7265.
|PP||Resistance*||0.7341 *||0.7385 **||0.7454 ***|
|0.7272||Support*||0.7229 *||0.7160 **||0.7116 ***|
Trend Theme：WTI bounces off lows near $58.60 ahead of US oil rig count.
Trend Review：Prices of the West Texas Intermediate (WTI) manage to garner some buying interest at session lows in the $58.60 area on Friday.
|PP||Resistance*||60.01 *||61.00 **||61.72 ***|
|59.29||Support*||58.29 *||57.58 **||56.58 ***|
Trend Theme：Gold holds onto recovery moves targeting $1800 amid risk-on mood.
Trend Review：Gold extends Friday’s corrective pullback from multi-day low. While the US dollar weakness could be cited as the key fuel for the corrective pullback, risk-on mood, taking clues from the coronavirus (COVID-19) headlines and US stimulus, seem to back the buyers off-late.
|PP||Resistance*||1795.57 *||1809.11 **||1826.53 ***|
|1778.15||Support*||1764.61 *||1747.19 **||1733.65 ***|