Financial markets were mixed today. The Euro and Aussie dollar fell on expectations of central bank policy remaining unchanged, while the US dollar remained steady ahead of a Federal Reserve meeting. Oil prices dropped further after breaking support levels, while gold continued its downtrend. Bitcoin, Ethereum, and Ripple are all expected to experience short-term corrections before potential rebounds.

EUR/USD

USD/JPY:

• Market is quiet ahead of Fed decision.
• USD/JPY expected to rise if Fed maintains hawkish stance.
• Resistance at 157.30, support at 156.12.

AUD/USD:

• Neutral forecast.
• Short-term outlook uncertain.
• AUD fell sharply after weak retail sales data but has since steadied.
• RBA rate hike unlikely, putting downward pressure on AUDUSD.
• Resistance levels to watch: 0.6504, 0.6537.
• Support levels: 0.6439, 0.6406.

NZD/USD:

• NZD steadied after a decline.
• The RBNZ is closely monitoring inflation data.
• Resistance levels to watch: 0.5918, 0.5951.
• Support levels: 0.5855, 0.5822.

Gold (XAU/USD):

• Short-term outlook: Bullish within uptrend channel
• Resistance: 2,361, 2,375, 2,392
• Support: 2,322, 2,312, 2,277, 2,250
• Trading Signals: Buy above 2,322 with targets at 2,345 and 2,361. Consider buying again if price rebounds around 2,312 with target at 2,375.

Oil:

• Short-term downtrend.
• Target is 80.76.
• Resistance levels to watch: 84.31 – 83.98, 86.13 – 85.63.
• Consider buying if price breaks above 86.20.
• Focus on today’s low for initial target.

Bitcoin (BTC):

• Bullish short term forecast.
• Complex correction continues.
• Longs possible at 59,183.37
• Take profit at 67,627.92.

Ethereum (ETH):

• Bullish forecast.
• Correction underway. Buy near 2,981.71.
• Price expected to rise to 3,382.53 in the short term.

Ripple (XRP):

• Bearish forecast.
• Price expected to fall to 0.473 in the short term.