Forecasts & Analysis

AUD/USD is trying to settle above the nearest resistance level at 0.7740.

The price action suggests the direction of the March U.S. Dollar Index on Wednesday will be determined by trader reaction to the pivot at 90.340.

EUR/USD managed to get above the resistance at 1.2130 and is trying to settle above the next resistance at 1.2155.

Oil prices remained firm at the last trading session under Donald Trump Presidency.

Both physical gold and gold futures have started the first trading day of the week with fractional gains in spot gold, and marginal gains in gold futures.

GBP/USD managed to settle above the resistance at 1.3625 and is trying to settle above the next resistance level at 1.3665.

The direction of the AUD/USD into the close on Wednesday will be determined by trader reaction to .7740.

The longer the index spends under the record high, the more the chart pattern will look distributive, which tends to indicate the presence of sellers.

The direction of the March E-mini Dow Jones Industrial Average futures contract over the short-run will be determined by trader reaction to 30827.

It’s a mixed start to the day for the majors. Expect the pivot levels to influence as the market looks for direction.