EUR/USD
Trend Theme：EUR/USD falls apart on Wednesday in post-election Greenback rush
Trend Review： EUR/USD plummeted during the midweek market session, falling over 1.75% into the red and tumbling back below 1.0750 for the first time since July. Markets have broadly pivoted into the Greenback following clear results from this week’s US presidential election that sees former President Donald Trump as the frontrunner.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0888* | 1.1040** | 1.1143*** |
| 1.0785 | Support* | 1.0633* | 1.0530** | 1.0378*** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY holds steady near multi-month top; seems poised to climb further
Trend Review：USD/JPY enters a bullish consolidation phase after the previous day’s rally to its highest level since July 30 amid speculations that Japanese authorities might intervene to prop up the domestic currency. However, the BoJ rate-hike uncertainty, along with the recent surge in the US bond yields, should cap the upside for the lower-yielding JPY.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 155.74* | 156.93** | 159.16*** |
| 153.52 | Support* | 152.33* | 150.10** | 148.92*** |
Weekly forecast：
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WTI
Trend Theme ： Crude Oil pares back some incurred losses after Trump won the majority of votes to become President
Trend Review：Crude Oil recovers from an earlier 3% drop on the back of the US presidential election falling in favor of Trump. Tropical storm Rafael’s impact for the Gulf fades into the background while Trump secures a new term as US President. The US Dollar Index rallies firmly and gains nearly 2% on Wednesday.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 72.78* | 73.97** | 75.62*** |
| 71.13 | Support* | 69.95* | 68.30** | 67.11*** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price hangs near three-week low; seems vulnerable to slide further
Trend Review：Gold price ticks higher during the Asian session, albeit it lacks bullish conviction and remains close to a three-week low touched on Wednesday. The optimism about future economic growth under the new Trump presidency remains supportive of the upbeat market mood.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2722.86* | 2784.97** | 2820.17*** |
| 2687.66 | Support* | 2625.55* | 2590.35** | 2528.24*** |
Weekly forecast：
