• EUR/AUD dipped on Monday as gains in gold, copper and silver boosted Australian dollar across the board
• Copper hit a record above $13,000/ton on Monday amid supply fears and Venezuela-related uncertainty.
• Gold climbed to a one-week high on Monday as U.S. strikes in Venezuela boosted safe-haven demand amid rising geopolitical tensions.
• Silver jumped 5.2% to $76.37/oz, extending its 147% gain in 2025, driven by its role as a U.S. critical mineral and ongoing supply shortages amid strong demand.
• The monthly Australian consumer price data for November are out on Wednesday and forecasts favour a slight slowdown to 3.7%, from 3.8% the month before.
•The trimmed mean measure of core inflation could dip to 3.2%, after an alarmingly high reading of 3.3% in October, and would still be above the RBA's target range of 2% to 3%.
• Immediate resistance is located at 1.7564(38.2% fib), any close above will push the pair towards 1.7602(SMA 20).
• Strong support is seen at 1.7420(23.6% fib) and break below could take the pair towards 1.7376(Lower BB )
Recommendation: Good to sell around 1.7460 with stop loss of 1.7550and target price of 1.7380
