Trend Theme：AUD/USD drops further below 0.7700 as risk dwindles amid a quiet session.
Trend Review：AUD/USD remains on the back foot while refreshing intraday low after Aussie data. Australia’s Producer Price Index grew more than expected in Q4. Risk catalysts remain as the key amid a lack of major data/events.
|PP||Resistance*||0.7728 *||0.7767 **||0.7836 ***|
|0.7660||Support*||0.7621 *||0.7552 **||0.7513 ***|
Trend Theme：USD/CAD: Bulls in control near term, but case for daily correction can be made.
Trend Review：The price of USD/CAD has stalled in its upside correction on the long-term charts and bears are lurking below critical weekly resistance. The following illustrates the prospects of a correction to the latest bullish impulse’s highs that would be expected to act as support prior to the next bullish advance from a daily perspective.
|PP||Resistance*||1.2865 *||1.2920 **||1.2959 ***|
|1.2827||Support*||1.2772 *||1.2734 **||1.2679 ***|
Trend Theme：WTI: 21-day SMA questions downside break of 12-week-old support line.
Trend Review：WTI consolidates recent losses near $52.10 during the early Asian session on Friday. In doing so, the energy benchmark portrays a corrective pullback from 21-day SMA while keeping the previous day’s break of an ascending trend line from November 02.
|PP||Resistance*||53.10 *||53.97 **||54.44 ***|
|52.64||Support*||51.77 *||51.30 **||50.43 ***|
Trend Theme：Gold prices stabilise having seen earlier gains eroded.
Trend Review：Spot gold prices saw whipsaw price action on Thursday, rallying from around $1840 to highs in the $1860s and back again. The rally tracked upside in silver as speculation grew about retail interest. Fundamentals seemed not to matter too much on Thursday.
|PP||Resistance*||1859.62 *||1876.95 **||1889.72 ***|
|1846.85||Support*||1829.52 *||1816.75 **||1799.42 ***|