• EUR/NZD slipped lower on Monday as gains in gold, copper and silver helped Australian dollar recover
•Copper prices surged to record highs above $13,000 a metric ton on Monday, driven by supply fears and expectations that turmoil in Venezuela could intensify the race for critical minerals.
• Gold climbed to a one-week high on Monday after U.S. strikes in Venezuela boosted its safe-haven appeal.
• Silver jumped 5.2% to $76.37/oz, after soaring 147% in 2025, driven by its designation as a U.S. critical mineral, and a structural market deficit amid growing demand.
•Apart from continuing to monitor the situation in Venezuela, investors are focusing on central banks and watching incoming data for clues on how quickly rate cuts could be delivered.
• Immediate resistance is located at 2.0410 (38.2% fib), any close above will push the pair towards 2.0453 (Higher BB).
• Strong support is seen at 2.0150(50% fib) and break below could take the pair towards 2.0067 (Lower BB )
Recommendation: Good to sell around 2.0250 with stop loss of 2.0350 and target price of 2.0200
