NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
FxWirePro- Major European Indices 
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: GBP/USD dips on UK GDP data miss 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: AUD/USD dips on soft China data 
Crude oil pared some of its gains as supply concerns eased. It hits a high of $78.42 yesterday and is currently trading around $75.64.
Geopolitical tension-
Biden discouraged Israel's direct attack on Iran's oil fields and Nuclear facilities. He has asked Israel PM to avoid an attack on Iran oil fields. Crude oil prices dropped more than $2 after Biden's statements.
US dollar index - Bearish
US treasury yield- bullish (negative for commodity market).
Major resistance- $76. Any breach above will take the commodity to the next level $77.05/$78/$78.50. Major trend reversal only above $80.
The near-term support is around $75, any violation below targets $73.80/$72.95/$72.45/$71.80.
Indicators (4- hour chart)
ADX- neutral
CCI (50) - Bullish
It is good to buy on dips around $74 with SL around $72.45 for TP of $78.40.
