Trend Theme：AUD/USD flirts with 0.7600 even as Queensland renews covid fears in Australia.
Trend Review：AUD/USD steps back from intraday top, snaps three-day losing streak. Queensland recorded new community transmission case of COVID-19. Risk catalysts remain as the key ahead of US session where Fed’s preferred inflation measure will be important to watch.
|PP||Resistance*||0.7627 *||0.7674 **||0.7706 ***|
|0.7594||Support*||0.7547 *||0.7515 **||0.7468 ***|
Trend Theme：USD/CAD rallies above 1.2600 level as USD grinds higher, crude oil prices tank.
Trend Review：USD/CAD has rallied to the north of the 1.2600 level in recent trade to hit fresh weekly highs. That means that after a day of trying, the pair has been able to break convincingly above its 21-day moving average, which currently resides in the low 1.2570s.
|PP||Resistance*||1.2646 *||1.2679 **||1.2728 ***|
|1.2596||Support*||1.2563 *||1.2514 **||1.2481 ***|
Trend Theme：WTI saved from fresh weekly lows as amid heightened geopolitical risk premia.
Trend Review：Front-month WTI futures contracts saw a modest recovery from session lows in the mid-$57.00s and managed to close Thursday trade back above the $58.00 level (futures trade has now paused until 22:00GMT). That means that WTI closed the day with losses of nearly $3.0 or 4.6%, though WTI did manage to avoid setting fresh weekly lows.
|PP||Resistance*||60.32 *||62.29 **||63.73 ***|
|58.89||Support*||56.91 *||55.48 **||53.50 ***|
Trend Theme：Gold prints rounding top, sellers eye $1,721 breakdown.
Trend Review：Gold fails to keep Thursday’s bounce, refreshes intraday low. Downbeat momentum, extended trading below 200-SMA suggest confirmation of bearish chart pattern is on the way. 100-SMA adds to the downside filters, monthly top offers extra resistance.
|PP||Resistance*||1741.15 *||1755.20 **||1764.87 ***|
|1731.48||Support*||1717.43 *||1707.76 **||1693.71 ***|