1. AUD/USD Analysis:

News Summary:

Australia's consumer confidence improved in July, helped by lower fuel prices and easing concerns over further interest rate hikes, providing households with some relief. However, overall sentiment remains deeply pessimistic by historical standards. The Westpac Consumer Sentiment Index rose 4.1% in July to 83.9 from 80.6 in June. A reading below 100 indicates that pessimists still outnumber optimists.

Trend Analysis:

We can see AUD/USD rebounded after a pullback on the H4 chart and is currently trading around the 48 hours moving average. Meanwhile, both the MACD double line and histogram bars are converging near the zero axis. The buy limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [0.6870]

Key Resistance Levels: [0.7000]
Pivot Points [0.6900]

2. Crude Oil Analysis:

News Summary:

Crude oil futures surged sharply as the conflict between the United States and Iran escalated and Washington announced that it would reinstate its naval blockade of Iran, marking the largest single-day gain since May 2020. ING said the escalation had already reduced traffic through the Strait of Hormuz to relatively low levels, reigniting concerns about tighter oil supplies in the third quarter. The current move in the energy market is not merely a short-term technical rebound but also reflects a broader repricing of geopolitical risk.

Trend Analysis:

On the H4 chart, we can see crude oil continues to rebound and is trading above the 48 hours moving average. On the other hand, the MACD double line and energy bars are expanding near the zero axis. The buy limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [74.00]

Key Resistance Levels: [85.00]

Pivot Points [77.00]