Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge 
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish 
FxWirePro- Woodies pivot (Major) 
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity 
FxWirePro: GBP/AUD bears maintain upper hand 
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds 
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report 
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook 
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
Crude oil lost its shine on easing Middle East tension. It hit a low of $72.67 yesterday and is currently trading around $73.09.
EIA cuts demand forecast in 2024 due to weak growth in US and China.
According to the American Petroleum Institute (API), US crude inventories rose sharply by 10.9 million barrels for the week ending Oct 4th, compared to a forecast of 1.95 million barrels.
US dollar index - Bullish
US treasury yield- bullish (negative for commodity market).
Major resistance- $74. Any breach above will take the commodity to next level $74.89/$75.50/$75.97. Major trend reversal only above $80.
The near-term support is around $72.45, any violation below targets $71.80/$70.90/$70.
Indicators (4- hour chart)
ADX- neutral
CCI (50) - Bullish
It is good to sell on rallies around $75 with SL around $76.20 for TP of $70.90.
