AUD/USD
Since last week the AUD is increasing against the USD. Therefore, as a result the AUD/USD pair grew above the 2 years trend line and the key level of 0.7500. This crossing can confirm the strong bullish mood of the pair.
While the market is waiting for the USA FRS interest rate decision, the pair is predicted to consolidate even further.
- Support and resistance
- Support levels: 0.7500, 0.7400, 0.7340.
- Resistance levels: 0.7570, 0.7620, 0.7675.
WTI Crude Oil
After a long fall, WTI moved to an upward position from the level of 45.36. The Minister of Energy of Saudi Arabia stated that his country has significantly decreased the oil supply to the market which led to oil prices gaining certain support. Investors will focus on the initial data from API on weekly changes of oil reserves in the USA and if this data increases, WTI quotes will get under pressure, too.
- Support and resistance
- Support levels: 46.11, 45.38, 44.53.
- Resistance levels: 46.85, 47.80, 49.00.