1. AUD/USD Analysis:

News Summary:

The Reserve Bank of Australia (RBA) Governor said Australian investors are beginning to entertain the view that inflation may not fall back below 3%. The RBA has a dual mandate of achieving full employment and keeping inflation within its 2%–3% target range. However, the longer inflation remains above target, the greater the concern that inflation expectations could begin to adjust higher. Higher interest rates create difficulties for Australians with mortgages who are already facing cost-of-living pressures. Nevertheless, bringing inflation down remains essential.

Trend Analysis:

On the H4 chart, we can see AUD/USD is staging a volatile rebound and trading near the 48 hours moving average. Meanwhile, the MACD double line and histogram bars are expanding below the zero axis. The buy limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [143.80]

Key Resistance Levels: [146.40]
Pivot Points [145.70]

2. Crude Oil Analysis:

News Summary:

With Saudi Arabia’s East-West crude oil pipeline out of service, European refiners have been forced to compete for alternative supplies, while surging fuel prices have further driven up crude procurement costs. Following an attack on Saudi Aramco’s pipeline to the Red Sea, the company is seeking to increase crude shipments through the Strait of Hormuz. Asian buyers have purchased tens of millions of barrels of Saudi crude from locations near the strait. However, this shift also means that these cargoes are now farther away from European refiners that are urgently seeking supplies.

Trend Analysis:

We can see crude oil has pulled back from elevated levels on the H4 chart and is trading below the 48 hours moving average. Additionally, the MACD double line and energy bars are expanding around the zero axis. The sell limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [1962]

Key Resistance Levels: [2030]

Pivot Points [2012]