BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.1515-1.1530 on the upside, 1.1245-1.1260 on the downside.
AUDUSD: 0.7385-0.7400 on the upside, 0.7160-0.7175 on the downside.
USDJPY: 120.30-120.45 on the upside, 117.60 -117.75 on the downside.
GBPUSD: 1.5515 -1.5530 on the upside, 1.5180-1.5195 on the downside.
USDCAD: 1.2980-1.2995 on the upside, 1.2765-1.2780 on the downside.
NZDUSD: 0.6900-0.6915 on the upside, 0.6670 - 0.6685 on the downside.
EURJPY: 136.85 -137.00 on the upside, 134.05-134.20 on the downside.
EURGBP: 0.7435-0.7450 on the upside, 0.7285-0.7300 on the downside.
XAUUSD: 1195.00-1205.00 on the upside, 1145.00-1155.00 on the downside.
BRENT: 51.50-52.50 on the upside, 45.50 -46.50 on the downside.
SP500: 2055.00-2065.00 on the upside, 1910.00-1920.00 on the downside.
Warning! Propareos levels do not take into account fundamental developments. Their validity is reduced on days when the NFP is released and when Central Banks change their interest rate.
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Editors’ Picks
AUD/USD remains under pressure above 0.6400
AUD/USD managed to regain some composure and rebounded markedly from Tuesday’s YTD lows in the sub-0.6400 region ahead of the release of the Australian labour market report on Thursday.
EUR/USD faces decent contention around 1.0600
The knee-jerk in the Greenback reignited some buying interest in the risk complex and pushed EUR/USD to three-day highs near 1.0680, rapidly leaving behind the recent yearly low around 1.0600.
Gold eases despite risk-off mood
Gold trades in a relatively tight range near $2,390 in the second half of the day on Wednesday. In the absence of high-tier data releases, investors keep a close eye on headlines surrounding the Iran-Israel conflict.
Ethereum trades around the $3,000 support following a surge in validator queue
Ethereum (ETH) continued a sideways movement on Wednesday as investors seemed to be waiting for an upward or downward price catalyst. Despite the price stagnancy, the ETH validator queue - possibly fueled by the DeFi restaking boom - rose sharply.
Australia unemployment rate expected to rise back to 3.9% in March as February boost fades
Australia will publish its monthly employment report first thing Thursday. The Australian Bureau of Statistics is expected to announce the country added measly 7.2K new positions in March after the outstanding 116.5K jobs created in February.