Trend Theme：AUD/USD bulls running into the wind towards daily targets.
Trend Review：AUD amongst commodity-fx underperformed, reflecting the concerns around the Sydney lockdown and the implications this will have for next week’s RBA meeting. Fed takeaways are balanced but central bank divergence is bearish for AUD/USD.
|PP||Resistance*||0.7420 *||0.7446 **||0.7477 ***|
|0.7389||Support*||0.7364 *||0.7333 **||0.7307 ***|
Trend Theme：USD/CAD remains pressurized below 1.2500 ahead of Canadian GDP.
Trend Review：USD/CAD extends the previous session’s losses in the early Asian session. The pair hovers in a very narrow trade band with a negative outlook. The Canadian dollar rose against the greenback after the Bank of Canada (BOC) Governor Tiff Macklem said that “ the cost of living will not rise out of control as the economy reopens from the COVID-19 pandemic” in a Financial post..
|PP||Resistance*||1.2508 *||1.2569 **||1.2607 ***|
|1.2470||Support*||1.2409 *||1.2371 **||1.2310 ***|
Trend Theme：WTI: Overbought RSI triggers pullback around $73.00.
Trend Review：WTI refreshes intraday low near $73.00, down 0.15% on a day, amid Friday’s Asian session. In doing so, the energy benchmark eases from the highest since July 14, probed the previous day after crossing a convergence of 200-DMA and multi-day-old resistance line, now support surrounding $72.30-25.
|PP||Resistance*||73.68 *||74.23 **||75.07 ***|
|72.84||Support*||72.29 *||71.45 **||70.90 ***|
Trend Theme：Gold pokes key hurdle around $1,835 amid risk-on mood.
Trend Review：Gold prints the heaviest daily gain in 11 weeks, despite recently easing from the monthly top, by the end of Thursday’s North American trading session. That said, the yellow metal jumped to $1,832.70 before stepping back near $1,828.50 by the press time.
|PP||Resistance*||1838.54 *||1848.63 **||1864.49 ***|
|1822.68||Support*||1812.59 *||1796.73 **||1786.64 ***|