EUR/USD: the prospect of a further fall in the currency pair remains relevantThis week, the dynamics of the EUR/USD pair was changeable: at first it reached the level of 1.0864 (Murray [2/8]), but could not continue moving up and fell to the level of 1.0803 (Murray [1/8]).The US dollar strengthened despite published data on a decrease in the basic index of personal consumption expenditures in the United States in January at an annual level from 2.9% to 2.8%, which calmed the market a little, fearing an increase in this indicator. The previously published consumer price index for January showed 3.1%, exceeding the forecast of 2.9%, raising doubts about the rapid easing of the monetary policy of the Federal Reserve System, although now there is a continuing downward trend in inflation in the American economy.Quotes rose again after the announcement of preliminary data on February inflation in the European economic region: the annual consumer price index reached 2.6%, exceeding the forecast of 2.5%, and the base index was 3.1%, also exceeding expectations of 2.9%. This indicates a slowdown in inflation, but slower than expected, which may delay the reduction of interest rates by the European Central Bank for a later period and strengthen the position of the euro.Resistance levels: 1.0864, 1.0945, 1.0986.Support levels: 1.0785, 1.0681, 1.0620.AUD/USD: the currency pair shows a correction towards the close of the weekThe AUD/USD currency pair is showing moderate strengthening, playing back the downtrend since the beginning of the week. At the moment, the pair is trying to overcome the psychological mark of 0.6500, based on positive technical signals and fresh economic statistics from Australia and China.The S&P Global index of Australian manufacturing activity improved slightly in February, reaching 47.8 points. Meanwhile, the Chinese services index rose to 51.4 points, exceeding analysts' expectations set at 50.8 points, and the Caixin manufacturing index increased to 50.9 points, also exceeding forecasts.On the other hand, the US dollar was under pressure after the publication of data in the United States. The core personal consumption expenditure index rose to 0.4% in January, although the annual figure was in line with forecasts, falling from 2.9% to 2.8%. The Chicago business activity index fell to 44.0 points, missing expectations of 48.0 points. In addition, the number of pending transactions in the housing market decreased by 4.9% in January, which is significantly worse than the projected growth of 1.0%.Resistance levels: 0.6524, 0.6551, 0.6578, 0.6600.Support levels: 0.6500, 0.6468, 0.6442, 0.6400.USD/CAD: Canadian economy shows recovery signalsWith the stabilization of the US dollar, the USD/CAD currency pair is held at 1.3572, contrary to optimistic economic reports from Canada.Canada's 0.4% GDP growth in January led to a 0.2% quarterly increase, following a 0.1% decline in the previous quarter, and increased the annual index from 0.46% to 0.93%. The annual GDP of the fourth quarter was adjusted to 1.0%, which exceeded analysts' forecasts of 0.8% and the previous estimate of -0.5%. This indicates a recovery in the Canadian economy, although high interest rates continue to restrain its growth, limiting the strengthening of the national currency.On the other hand, the US dollar maintains its position at 104.00 on the USDX index. By the end of the week, there was an increase in trading activity, however, the number of applications for unemployment benefits in the United States increased from 202.0 thousand to 215.0 thousand, increasing the total number of applications from 1.860 million to 1.905 million, while the average value over the past four weeks decreased to 212.5 thousand from the previous 215.5 thousand. The core personal consumption price index slowed to 2.4% year-on-year in January, as expected, and accelerated month-on-month from 0.1% to 0.3%.Resistance levels: 1.3600, 1.3700.Support levels: 1.3540, 1.3440.Crude Oil market analysisPrices for the Brent Crude Oil brand slightly adjusted upwards, exceeding the level of $ 82.00 per barrel.The upward trend in oil prices is actively supported due to the increasing tension in the Red Sea region, where the Houthis have intensified attacks on commercial and military vessels. Over the past three weeks, especially in the Gulf of Aden, there has been an increase in the number of attacks using unmanned boats, reaching 44 incidents. This demonstrates that attempts by the United States and NATO countries to normalize sea routes have proved ineffective, which may lead to the refusal of many carriers to use this route and, as a result, to lengthen delivery times.On Tuesday, February 27, a report by the American Petroleum Institute (API) indicated an increase in oil reserves by 8.428 million barrels, which confirmed the upward trend recorded in the previous week at 7.168 million barrels. The Energy Information Administration (EIA) of the U.S. Department of Energy on Wednesday reported an increase in inventories by 4.199 million barrels, which also exceeded previous figures of 3.514 million barrels. In addition, the volume of excess reserves in the Cushing storage amounted to 1.458 million barrels, which is significantly higher than the previous week at 0.741 million barrels.Support levels: 80.70, 77.30.Resistance levels: 82.70, ...