FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
FxWirePro- Major Pair levels and bias summary 
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
FxWirePro-Major European Indices 
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout 
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
Ichimoku Analysis (4 hour chart)
Tenken-Sen- $1979.84
Kijun-Sen- $1947.40
Gold prices hit a 12-month high on safe-haven demand. The yellow metal pared some of its gains on uncertainty. Markets eye the banking crisis and Fed monetary policy for further direction. Hawkish Fed and a rebound in US yields also put pressure on gold at a higher level. Gold hit a low of $1965.95 and is currently trading around $1981.75.
Major economic data for the day
Mar 21st, 2023 US Existing Home Sales (2:00 PM GMT)
US dollar index-Bearish. Minor support around 103.20/102.50. The near-term resistance is 104/105.10.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in Mar increased to 73.8% from 65% a week ago.
The US 10-year yield showed a minor pullback ahead of the US Fed meeting. The US 10 and 2-year spread narrowed to 48% from -107%.
Factors to watch for gold price action-
Global stock market- bearish (Positive for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $1965, a break below targets of $1955/$1940.The yellow metal faces minor resistance around $2000 and a breach above will take it to the next level of $2010/$2022/$2037.
It is good to buy on dips around $1965 with SL around $1955 for TP of $2000/$2022.
