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Gold, the pair may grow.

On the daily chart, the third wave of the higher level 3 of (5) develops, within which the wave iii of 3 forms. Now, the third wave of the lower level (iii) of iii is developing, within which the wave iii of (iii) has formed, the correctional wave iv of (iii) has ended, and the development of the wave v of (iii) has started.

If the assumption is correct, the pair will grow to the levels of 2150 - 2200. In this scenario, critical stop loss level is 1890.

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Serious pressure on the US stock market was exerted by the minutes of the meeting of the Federal Open Market Committee of the US Federal Reserve (FOMC) published yesterday. According to the document, most of the participants in the meeting would have preferred to raise the rate by 0.50% already in March against the backdrop of high inflation, but as a result, the indicator was corrected by a minimum amount of 25 basis points. Also, the regulator confirmed plans to reduce the balance sheet by 95B dollars per month. According to forecasts, the agency is ready to start a quantitative increase and increase the rate by 50 basis points at once in May.

This week, traders were on the lookout for reports that investment firm Berkshire Hathaway Inc. has purchased an 11.4% stake in the American manufacturer of personal computers and printing equipment HP Inc. The deal amounted to 4.2B dollars.

The index quotes have left the limits of the narrow downward channel and are forming a global Head and shoulders reversal formation. Technical indicators give a poor signal to buy: indicator Alligator's EMA fluctuations range is still quite wide, and the AO oscillator histogram forms downward bars in the buy zone.

Resistance levels: 15150, 16387 | Support levels: 14225, 13070

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EURUSD, upcoming rate hike strengthens the USD

Current trend
This week, the EURUSD pair continued to decline and is currently testing the 1.0864 mark (Murray [1/8]). The movement of the pair has recently been influenced by expectations of further actions from the US Fed and the European Central Bank (ECB).

The comments of the officials of the American regulator and the minutes of its last meeting look much more "hawkish" than a similar document of the European department, which became a catalyst for strengthening the US currency. Last week, the governor of the US Fed, Lael Brainard, the head of the Federal Reserve Bank of San Francisco, Mary Daly, and the chairman of the Philadelphia Fed, Patrick Harker, spoke in favor of continuing to raise interest rates and sharply reducing the regulator's balance sheet. The protocols indicated that it could begin in May and would amount to 95B dollars per month. At the same time, the correction of the indicator may reach 0.50%. Investors fear that too rapid tightening of monetary policy may lead to a downturn in the economy, but officials are confident that it will stand the test, since the recorded growth is strong enough.

Against this background, the European currency looks less attractive for investment, experiencing significant pressure due to the Ukrainian crisis. The most negative of its consequences is an increase in inflation, which affects household incomes and reduces demand, however, unlike the US Fed, the ECB has not yet taken active actions to reduce price growth. At the last meeting of the regulator, officials agreed to stop buying bonds in Q3 2022, but did not make specific decisions on further tightening of monetary policy, probably still considering the factors of inflation growth temporary, although bidders have long been expecting the start of a rate hike cycle. Moreover, earlier, the EU authorities decided to abandon the supply of Russian coal, which can only increase energy inflation.

Support and resistance
Consolidation of the price of the EUR/USD pair below the 1.0864 mark (Murray [1/8] the middle line of the Bollinger Bands) will give the prospect of continuing the decline to the levels of 1.0742 (Murray [0/8]) and 1.0620 (Murray [-1/8]). The key for the "bulls" is the 1.0986 mark (Murray [2/8], the middle line of the Bollinger Bands), the breakout of which will allow the instrument to strengthen to 1.1108 (Murray [3/8]), 1.1230 (Murray [4/8]). Technical indicators do not give a single signal: the Bollinger Bands are reversing downwards, the MACD histogram is increasing in the negative zone, but the Stochastic is preparing to leave the oversold zone and form a buy signal.

Resistance levels: 1.0986, 1.1108, 1.123 | Support levels: 1.0864, 1.0742, 1.062

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USDCAD, updating March local highs

The US dollar is showing weak "bearish" dynamics during the Asian session, correcting after a three-day rally that took the instrument to new highs from March 22. Sales of the Canadian currency this week intensified after a local decline in oil prices.

However, according to data for February, exports of Canadian "black gold" increased by 7.8%, amounting to 58.75 billion Canadian dollars, while imports were fixed at around 56.08 billion Canadian dollars, which indicates the continuation of the trade surplus. The growing geopolitical tension will continue to contribute to an increase in energy prices against the backdrop of a continuing shortage of supply, which will allow the Canadian dollar to regain the interest of the "bulls".

Today, investors are focused on the March report on the Canadian labor market. Analysts' forecasts are quite modest, and therefore the national currency is unlikely to receive significant support from the publication. It is assumed that the Net Change in Employment in March will show an increase of only 80K, slowing down from the previous increase of 336.6K. At the same time, the Participation Rate is expected to remain at the same level of 65.4%, while the Unemployment Rate may drop from 5.5% to 5.4%.

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is almost unchanged, but it remains rather spacious for the current level of activity in the market. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic shows a similar dynamics but the indicator line is approaching its highs, which reflects risks of the overbought USD in the ultra-short term.

Resistance levels: 1.26, 1.265, 1.27, 1.275 | Support levels: 1.2538, 1.245, 1.24, 1.235
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Silver, the pair may fall.

On the daily chart, the development of the third wave of the higher level (3) of 3 started, within which the first wave of the lower level 1 of (3) formed, and a local correction develops as the wave 2 of (3). Now, the wave c of 2 is forming, within which the third wave (iii) of c is developing.

If the assumption is correct, the price will fall to the levels of 23.52 - 22.73. In this scenario, critical stop loss level is 25.12.

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Crude Oil, the price may fall.

On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C developed, and a downward correction develops as the second wave 2 of (1) of C. Now, the wave of the lower level a of 2 is developing, within which the correctional wave (ii) of a and the wave (iii) of a has ended.

If the assumption is correct, after the end of the local correction (iv) of the price will fall to the levels of $82.3 - $67. In this scenario, critical stop loss level is $118.28.

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USDJPY, the instrument is updating March local highs

The US dollar shows strong growth against the Japanese yen during trading in Asia, continuing the development of the "bullish" trend from April 1. At the moment, USDJPY is updating local highs from March 28 and is again preparing to test strong resistance at 125.

At the beginning of the week, the "bulls" are very optimistic, but the growth factors change slightly: the US dollar is still receiving support as a "safe" asset, becoming more attractive to investors as the US Federal Reserve tightens its monetary policy. Earlier, representatives of the regulator spoke in favor of raising the rate by 50 basis points at once during the May meeting. At the same time, as expected, a program of quantitative tightening may be launched in order to reduce the balance sheet of the Fed.

In turn, the Bank of Japan is far from a possible start of tightening monetary policy. Last week, the regulator's former chief economist, Hideo Hayakawa, predicted that the agency could change current parameters as early as July as worries about the depreciation of the yen and rising inflation rise. Hayakawa's views stand in stark contrast to those of Bank of Japan Governor Haruhiko Kuroda, who has repeatedly stated the regulator's intention to maintain an ultra-loose monetary policy even after other major central banks such as the US Federal Reserve and the Bank of England raise interest rates.

The macroeconomic statistics released in Japan on Friday provided little support to the yen. Eco Watchers Current Situation Index in March rose from 37.7 to 47.8 points, which turned out to be 10 points better than market expectations. Eco Watchers Outlook for the same period strengthened from 44.4 to 50.1 points, while the forecast was 43.5 points.

Bollinger Bands on the daily chart show a steady increase. The price range is slightly expanding, but it fails to catch the surge of "bullish" sentiment at the moment. MACD is growing preserving a weak buy signal (located above the signal line). Stochastic, having reached its highs is reversing into a horizontal plane, indicating overbought USD in the ultra-short term.

Resistance levels: 125.09, 125.6, 126, 126.5 | Support levels: 124.50, 124, 123.02, 122

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ASX 200, Australian bond market continues to rise

The leading index of the Australian economy, ASX 200, is strengthening, being near 7477.0. The Australian stock market is trading ambiguously due to a poor Friday report on economic stability and growth in the bond market.

Thus, the Reserve Bank of Australia announced the growing uncertainty regarding the development of the national economy, caused primarily by the continuing rise in inflation. Officials said they were closely monitoring the dynamics of household mortgage debt and lending and warned borrowers that they should be prepared for higher interest rates. According to department representatives, the country's financial system remains stable, and financial institutions are well-capitalized. However, inflation will continue to rise in the future, putting serious pressure on both borrowers and consumers.

The stock market is not allowed to fall by the bond market, which continues to grow actively. Today, the yield of popular 10-year bonds of Australia added 1.96%, while the rate of return on conservative 20-year bonds is 1.78%. Short-term assets show a more restrained trend: 1-year securities rose by 1.68%, and 2-year securities added 0.89%.

The price moves within the global Expanding formation pattern, approaching the resistance line. Technical indicators keep a stable buy signal: fast EMAs of the Alligator indicator are above the signal line, and the AO oscillator histogram is high in the buying zone.

Support levels: 7380, 6980 | Resistance levels: 7550, 7750

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NZDUSD, consolidation pending new drivers
The New Zealand dollar shows ambiguous dynamics of trading against the US dollar during today's Asian session, consolidating near the opening levels and 0.6835. NZDUSD fell sharply on Friday, recording its first fall in four weeks. Investors' fears about a series of aggressive interest rate hikes by the US Federal Reserve, as well as changing commodity prices were the catalysts for the sales of the currency. In addition, the negative dynamics of the instrument was provoked by a reduction in the spread between government bonds of New Zealand and the United States. 10-year New Zealand Treasury bonds at the end of last week showed a yield of 3.274%, and 10-year US bonds showed 2.740%.

The pressure on NZD/USD is exerted by weak macroeconomic statistics from New Zealand. Electronic Card Retail Sales in March decreased by 1.3% after a sharp decline of 7.8% a month earlier. Analysts had expected negative dynamics to remain at -0.6%. In annual terms, sales decreased by 0.5% after rising by 1.1% in February. Markets projected a sharp 9.7% growth. Later, buying activity on the instrument was supported by encouraging statistics from China. The Consumer Price Index in China in March showed an increase of 1.5%, accelerating from 0.9% shown in February. The real dynamics turned out to be noticeably better than analysts' forecasts at 1.2%.

Another "bullish" factor is the new EU sanctions policy on the Russian economy. In particular, New Zealand coal exporters positively perceived the possibility of introducing restrictions on the supply of solid fuel from the Russian Federation this summer. Currently, New Zealand exports more than a third of all coal mined in the country.

On the D1 chart Bollinger Bands are reversing into the descending plane. The price range is expanding but it fails to conform to the surge of "bearish" activity at the moment. MACD is going down preserving a stable sell signal (located below the signal line). The indicator is about to test the zero level for a breakdown. Stochastic, having reached its lows, reversed into the horizontal plane, indicating risks of oversold NZD in the ultra-short term.

Resistance levels: 0.6874, 0.6924, 0.696, 0.7 | Support levels: 0.6812, 0.6766, 0.6732, 0.67

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Nasdaq Drops to 3-Week Lows

The tech-heavy Nasdaq 100 index declined more than 1% on Monday as US yields continue to rise, undermining high growth and tech sectors.
As measured by the Fibonacci retracement tool, the Nasdaq has erased nearly 50% of the rally from March lows to April highs. However, the critical resistance remains at the 200-day moving average, currently near 15,200 USD. Regarding the Ukraine war, White House national security adviser Jake Sullivan said on Sunday that Ukrainian forces could push back Russian troops successfully so that they were forced to retreat and regroup.

Bears pushed the Nasdaq below the 50-day moving average (the purple line) at 14,330 USD, changing the short-term outlook to bearish. As long as the index trades below the 50-day average, the next target for decline seems to be at 13,900 USD. If the index jumps above 14,330 USD, we might see a bullish reversal, targeting 14,630 USD in the initial reaction.

However, sentiment might stay bearish in the near future as the Fed seems ready to deliver more rate hikes than previously expected, likely crushing the high-debt and high-growth sectors, tech included.

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BTCUSD, token under pressure from the "hawkish" rhetoric of the US Fed

The BTCUSD pair was actively declining last week and by its end reached the 42200 mark (Fibo retracement 23.6%), which it is actively testing at the moment.
The general pressure on the cryptocurrency sector was exerted by the comments of US Fed officials, indicating an acceleration of monetary policy tightening. In particular, a sharper increase in rates is expected (by 0.50%) and a rapid reduction in the regulator's balance sheet (by 95B dollars monthly). These measures are aimed at reducing the rate of inflation and should support the exchange rate of the US currency. A number of experts, for example, Galaxy Digital founder Michael Novogratz, believe that the cryptocurrency sector will be under pressure for the entire period of active actions of the US Fed, at least until the end of the year, but as soon as the economic situation stabilizes, we can expect a new serious growth of digital assets.

An additional pressure factor was the ban on the provision of cryptocurrency services to individuals and legal entities from Russia and Belarus, including deposits and maintenance of cryptocurrency wallets. Earlier, experts believed that economic sanctions caused by the Ukrainian crisis would force large Russian capital to enter the crypto market, but there are fewer opportunities for this.

Technically, if the price is consolidated below the 42200 mark (Fibo retracement of 23.6%), the decline in the digital asset will be able to continue to the levels of 40000, 37500 (Murray [4/8]). The key for the "bulls" is the level of 43750 (Murray [6/8]). Its breakout will give the prospect of resuming growth in the area of 46300 (Fibo retracement of 38.2%), 48200 (the area of March highs). Technical indicators do not give a single signal: the Bollinger Bands are directed horizontally, the MACD histogram is preparing to move into the negative zone and form a sell signal, but the Stochastic can leave the oversold zone and form a buy signal.

Resistance levels: 43750, 46300, 48200 | Support levels: 42200, 40000, 37500

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EURUSD, the pair may grow.

On the daily chart, the first wave of the higher level 1 of (3) formed, and a downward correction developed as the second wave 2 of (3), within which the wave c of 2 formed. Now, the development of the third wave 3 of (3) has started, within which the first entry wave of the lower level (i) of i of 3 has formed, and the local correction (ii) of i of 3 has ended.

If the assumption is correct, the pair will grow to the levels of 1.1483 - 1.169. In this scenario, critical stop loss level is 1.0798.

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AUDUSD, the pair retreats from local lows

The Australian dollar is showing a weak corrective growth against the US dollar during the Asian session, recovering from a four-day "bearish" rally. The instrument is testing the level of 0.7420 for a breakout, retreating from its local lows of March 22. The positions of the asset remain under pressure from the development of a new wave of coronavirus incidence in China. The country's government has announced strict quarantine measures that will also affect Shanghai, a major financial and industrial center, which consumes about 4% of all oil purchased by China. As a result of the lockdown, many companies such as Tesla Inc., Bayerische Motoren Werke AG, Volkswagen AG, as well as some suppliers to Apple Inc. were forced to stop their activities. In total, a record 130K new cases of COVID-19 infection have been detected in Shanghai since March 1 this year.

Nevertheless, the Australian dollar was supported at the beginning of the week by optimistic macroeconomic statistics from China. The Consumer Price Index in China in annual terms in March accelerated from 0.9% to 1.5%, which was better than market expectations at 1.2%. On a monthly basis, however, inflation showed only zero dynamics after rising by 0.6% in February. Today's data support the buying mood for the instrument with strong statistics from Australia. National Australia Bank's Business Conditions in March strengthened from 9 to 18 points, while the Business Confidence index for the same period rose from 13 to 16 points, with a slowdown forecast to 8 points.

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is expanding, however, it does not keep up with the activity of trading in the last few days, which signals in favor of the development of corrective dynamics. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic, having reached its lows, is reversing upwards, indicating risks of a strongly oversold instrument in the ultra-short term.

Resistance levels: 0.745, 0.75, 0.755, 0.76 | Support levels: 0.7398, 0.7366, 0.73, 0.725

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ETHUSD, The downward movement continues

The ETHUSD pair started the week lower as part of the general market trend and fell below 3000. Experts continue to link the general weakening of the market with investors' reaction to the upcoming serious tightening of the US Federal Reserve's monetary policy. Investors fear that the US economy will react with a slowdown to a sharp increase in interest rates or even start a recession. Yesterday, in this background, the yield of 10-year bonds reached a three-year high of around 2.78%, which led to a decrease in risky assets, including cryptocurrencies. According to several representatives of the cryptocurrency community, the digital asset sector will remain under pressure as long as the regulator continues to tighten monetary policy, which may take a long time. However, after stabilizing the economic situation, serious growth will resume.

As for Ethereum itself, the developers continue to prepare for the transition to the Proof-of-Stake (PoS) algorithm and the launch of the Ethereum 2.0 network. On Monday, the developers tested the merger of the two networks, the so-called "shadow fork," which was successful but had several minor problems. The next stage of the test is scheduled for April 22. After it, the developers will probably be able to determine the launch date of the Ethereum 2.0 network more accurately, as one of the leading experts, Tim Beiko, hinted at. Ethereum founder Vitalik Buterin previously assumed that the transition to the new system would take place before July of this year.

Technically the price is trading around 2950 (Murrey [6/8], Fibonacci retracement 23.6%). Consolidation below this level allows a decline to 2656.75 (Murrey [1/8]) and 2500.00 (Murrey [0/8]). The key "bullish" level is 3281.25 (Murrey [5/8], Fibonacci retracement 38.2%, the middle line of Bollinger bands). Its breakdown allows growth to 3595 (Murrey [7/8], Fibonacci correction 50.0%), 3900.00 (Murrey [+1/8], Fibonacci correction 61.8%). The indicators do not give a single signal: Bollinger bands and Stochastic are horizontal, and the MACD histogram is preparing to move into the negative zone and form a sell signal.

Resistance levels: 3281.25, 3595, 3900 | Support levels: 2950, 2656.75, 2500.


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NZDUSD, card spending in New Zealand has skyrocketed

Despite the positive macroeconomic statistics from New Zealand, the NZD/USD pair declines, trading near the level of 0.6829. Yesterday, Stats NZ published a report on e-card spending, according to which the country increased its spending by 124M New Zealand dollars last month, up 1.6% from February. The positive dynamics were noted in the tourism and healthcare industries, where electronic payments grew by 14.5%, while the same indicator, which considers transport trips, added 2.7% due to higher fuel prices.

At tomorrow's meeting of the Reserve Bank of New Zealand on monetary policy, interest rates are expected to rise to 1.25% from 1.00%, which was announced by officials earlier as part of a program to combat high inflation. Analysts are divided on whether the regulator will raise rates by 25 bps or 50 bps, although money market pricing favors the latter.

The US currency was as close as possible to this year's key level of around 100 points in the index before the publication of today's inflation data. The consumer price index is forecast to rise to 8.4% from 7.9% a month earlier, while the core consumer price index, which excludes fuel and food, is expected to rise to 6.6% from 6.4%. Implementation of expectations will negatively affect both the dollar rate and the state of the US economy.

The asset moves within the local Expanding formation pattern, completing the eighth wave. After working out a local sell signal, technical indicators are uncertain: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram is close to the transition level.

Resistance levels: 0.6871, 0.6987 | Support levels: 0.6742, 0.6337

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USDCAD, the pair may grow.

On the daily chart, the first wave of the higher level (1) of 5 forms, within which the wave 3 of (1) develops. Now, the first wave of the lower level i of 3 has formed, a local correction has ended as the second wave ii of 3, and the development of the third wave iii of 3 has started.

If the assumption is correct, the pair will grow to the levels of 1.3200–1.3410. In this scenario, critical stop loss level is 1.2401.

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Crude Oil, "black gold" resumed growth

Yesterday, Brent Crude Oil prices were actively growing, trying to consolidate above the psychological level of 100 dollars per barrel, and today the instrument managed to reach $104.

Investors are waiting for the publication of data from the US Department of Energy on the dynamics of oil inventories for the week of April 8. A similar report released yesterday by the American Petroleum Institute (API) reflected a sharp increase of 7.757M barrels after an increase of only 1.08M barrels over the past period, which put some pressure on the energy carrier's quotes and kept quotes from more active upward dynamics. Demand for "black gold" remains quite high as global economies recover from the coronavirus pandemic and against the backdrop of the developing crisis in Eastern Europe, which has forced many countries to look for alternative sources of supply and replenish their stocks. Also, investors are reacting positively to easing several sanitary restrictions in China, which adheres to a "zero tolerance" policy for the coronavirus.

Additional support for prices was provided by new statements by OPEC+ Secretary General Mohammed Barkindo, who stressed that the organization currently does not have the opportunity to replace Russian oil for the EU completely. The cartel also warned politicians against imposing a full embargo on supplies, noting that in this case, the market would lose 7M barrels of energy and warning of serious consequences for the global economy. Meanwhile, Russian Energy Minister Nikolai Shulginov predicted an increase in energy prices to the region of 80–150 dollars per barrel and the readiness of the authorities to sell fuel to friendly countries in any price range.

Recall that the foreign ministers of the EU countries on April 11 could not agree on a pan-European embargo on importing Russian oil and gas, while the US authorities imposed a ban on supplies last month, and the UK plans to do so by the end of the year.

On the daily chart, Bollinger bands are moderately declining: the price range is narrowing, reflecting the ambiguous nature of trading in the short term. The MACD reversed upwards, forming a poor buy signal (the histogram is above the signal line). Stochastic shows a more active growth, accelerating after a sharp rise in the instrument yesterday.

Resistance levels: 106, 109, 112, 115.5 | Support levels: 102.8, 100, 96.5, 93.34

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XRPUSD, technical analysis

Ripple continues to trade within a wide descending channel. At the end of last month, quotes tested its upper limit around 0.8930, after which they began to decline, which continues to this day.

The day before, the price tested the level of 0.6836 (Murray [2/8]), fixing below which will give the prospect of further decline to the levels of 0.6348 (Murray [1/8]), 0.5859 (Murray [0/8]) and 0.5371 (Murray [-1/8]). The key level for the "bulls" is seen at 0.7810 (Murray [4/8], Fibonacci retracement 23.6%). If this level is broken out, as well as the center line of Bollinger Bands, the quotes may try to leave the descending channel and return to 0.8930 (Fibonacci retracement 38.2%).

Technical indicators don't provide a clear signal: Bollinger Bands are reversing downwards, MACD is increasing in the negative zone, and Stochastic has entered the oversold zone, which does not exclude the corrective growth. In general, a continuation of the decline in the long-term downtrend in the near future seems more likely.

Resistance levels: 0.7810, 0.8930, 0.9277 | Support levels: 0.6836, 0.6348, 0.5859, 0.5371.

FTSE 100, the stock market is preparing for the start of the reporting season

The FTSE 100 index shows a local corrective trend, trading at 7574.0.

Corporate news is beginning to come to the fore in stock markets around the world, as the period for publishing the financial results of index component companies kicks off next week. The budget carrier EasyJet Plc. reported that the revenue forecast suggests a loss of around 500 million pounds due to low overall bookings. In turn, the shares of the online retailer ASOS Plc. strengthened marginally after maintaining the company's strong growth forecast for 2022, despite an expected drop in first-half earnings due to supply issues.

In addition, the continued growth in the UK bond market should be noted, where 10-year treasuries renewed another high, reaching 1.8080%, and the yield on 20-year conservative bonds increased to 2.021%, which significantly exceeds 1.741% at the beginning of the month.

The growth leaders in the index are British Petroleum Plc. (+2.40%), Fresnillo Plc. (+2.30%), JD Sports Fashion Plc. (+2.18%). Among the leaders of the decline are Rolls-Royce Holdings Plc. (-5.48%), Land Securities Group Plc. (-4.53%), Ocado Group Plc. (-4.32%).

Index quotes are trading within the global Expanding Formation pattern. Technical indicators are in a stable buy signal state: the range of EMA fluctuations on the Alligator indicator stays wide and the histogram of the AO oscillator is trading high in the purchase zone.

Support levels: 7500, 7232 | Resistance levels: 7673, 7900

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EURUSD, US inflation reached the high of 1981

The European currency continues to trade in a downtrend around 1.0833 amid poor macroeconomic reports.

Thus, the index of current economic conditions from ZEW in Germany in April fell to –30.8 points from –21.4 points, and the index of economic sentiment in Germany fell to –41.0 points from –39.3 points, while the same indicator in the euro area fell to –43.0 points from –8.7 points a month earlier. ZEW spokesman Achim Wambach said business is pessimistic about the current economic situation and expects it to continue to worsen as the threat of stagflation persists. Also, the region is experiencing record inflation growth: in Germany, the indicator added 2.5% for March after rising by 0.9% for February and has already reached a record 7.3% YoY. The single European currency is also under pressure from possible disruptions in Russian oil and gas supply to the EU countries. European Commission President Ursula von der Leyen and EU diplomat Josep Borrell announced their intention to extend EU sanctions on oil exports, including them in the sixth package of restrictions against the Russian economy.

As expected earlier, the US currency has overcome the index's psychological mark of 100 points and is now trading around 100.300 points. Positive dynamics were facilitated by data on inflation in the United States, which reached the maximum of 1981, consolidation for March at 8.5% YoY, which exceeded even the bold forecast of analysts at 8.4%. Thus, the value added another 1.2% to the March figure. The largest value growth was recorded for used cars (+35%) and energy products (+32%).

The instrument moves within a wide downward channel, approaching the support line. Technical indicators maintain a global sell signal: fast EMAs on the Alligator indicator are below the signal line, while the AO oscillator histogram remains in the sell zone, forming down bars.

Resistance levels: 1.0912, 1.1155 | Support levels: 1.08, 1.06

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