Trend Theme：EUR/USD drops below 1.1850 level as sell-off continues.
Trend Review：EUR/USD fell for a fourth consecutive session on Monday, dropping from close to the 1.1920 mark to fresh four-month lows under the 1.1850 mark in the final hours of trade prior to the 22:00GMT FX close. The US dollar was dominant in the G10 on Monday amid rising US bond yields.
|PP||Resistance*||1.1903 *||1.1961 **||1.1991 ***|
|1.1874||Support*||1.1816 *||1.1787 **||1.1729 ***|
Trend Theme：AUD/USD: Bounces off intraday low above 0.7600 on Aussie data, halt in bond rout.
Trend Review：AUD/USD picks up bids from the day’s low after upbeat NAB Business Confidence, Conditions. NAB’s Business Conditions and Business Confidence both crossed prior figures of 7 and 10 respectively with 15 and 16, in that order, during February.
|PP||Resistance*||0.7712 *||0.7781 **||0.7819 ***|
|0.7674||Support*||0.7605 *||0.7567 **||0.7498 ***|
Trend Theme：WTI now under $65.00 as profit taking gains momentum.
Trend Review：After surging nearly as high as the $68.00 level during Asia Pacific trade amid news that Saudi Arabian oil infrastructure had been targeted by Yemeni based Houthi militia forces, front-month futures contracts for the American benchmark for sweet light crude, West Texas Intermediary (or WTI), have reversed sharply and are now trading under the $65.00 level, down about $1.40 or just over 2.0% on the day.
|PP||Resistance*||66.79 *||69.02 **||70.18 ***|
|65.64||Support*||63.41 *||62.26 **||60.03 ***|
Trend Theme：Gold: Bears seeking hourly downside extension.
Trend Review：Gold is testing the bear’s commitments at hourly resistance. Momentum reaches resistance and 10-SMA could come under pressure. The weekly chart offers a target of confluence between the recent lows and a 38.2% Fibonacci retracement.
|PP||Resistance*||1704.32 *||1728.05 **||1741.77 ***|
|1690.60||Support*||1666.87 *||1653.15 **||1629.42 ***|