1. AUD/USD Analysis:

News Summary:

Australia’s federal budget for fiscal year 2026/27 shows that the Australian economy is facing pressure from high inflation and slowing growth amid global energy supply disruptions triggered by tensions in the Middle East. Although the Australian government has introduced a series of measures in the new budget, including tax reforms and productivity initiatives, doubts remain over their effectiveness in addressing weak economic growth and persistently high inflation. In the long run, however, these measures are expected to improve the government’s fiscal position.

Trend Analysis:

We can see AUD/USD has rebounded in a volatile manner on the H4 chart and continues to trade above the 48 hours moving average. Meanwhile, both the MACD double line and histogram bars are expanding around the zero axis. The buy limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [0.7200]

Key Resistance Levels: [0.7330]
Pivot Points [0.7220]

2. Gold Analysis:

News Summary:

The immediate driver behind the current pressure on gold prices is a series of alarming inflation data releases. According to the latest figures published by the U.S. Department of Labor, the Producer Price Index (PPI) for April recorded its largest increase since early 2022, far exceeding economists’ expectations. Just a day earlier, the Consumer Price Index (CPI) also delivered a red-hot reading, with the annual inflation rate reaching its highest level in nearly three years.

Trend Analysis:

On the H4 chart, we can see gold prices are currently moving in a narrow range and trading near the 48 hours moving average. In addition, the MACD double line and energy bars are converging around the zero axis. The buy limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [4650]

Key Resistance Levels: [4770]

Pivot Points [4680]