Analyzes

USD/MXN is bouncing on risk-off flows, but 18.00 remains the key resistance level where sellers may look to reenter the broader downtrend.

Gold remains volatile but bullish overall, with $5,000 acting as key support and $5,350 as the upside target if buyers step back in near the 50-day EMA.

A couple of weeks ago, the Federal Reserve’s decision on March 16 was all that mattered for markets. Now, investors hardly remember it. The Iran war has changed everything market players thought about monetary policy paths, and not just for the Fed.

Crude oil continues to rally on geopolitical risks after tanker attacks in the Strait of Hormuz, though extreme volatility means traders should stay bullish but cautious.

Silver remains trapped in a choppy range, with $90 as near-term resistance, $80 as key support, and a longer-term bullish bias still intact above $70.

CAD/JPY continues to favor the upside, with oil strength supporting the Canadian dollar and 115.50 acting as key support for a move toward 118.