EUR/USD

Trend Theme:EUR/USD flattens near 1.05 in the run-up to EU inflation figures
Trend Review: EUR/USD cycled the 1.0500 handle on Tuesday, with Fiber price action drifting into the near-term middle ground as directional momentum drains out of the pair. The economic calendar is an overall thin affair this week, with the US Thanksgiving holiday on Thursday trimming late-week market momentum.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.0542 * | 1.0603 ** | 1.0662 *** |
| 1.0484 | Support* | 1.0422 * | 1.0364 ** | 1.0303 *** |
Weekly forecast:

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USD/CAD

Trend Theme:USD/CAD drifts lower to near 1.4050, potential downside seems limited amid Trump tariff threat
Trend Review:The USD/CAD pair trades with mild losses around 1.4055 during the early Asian session on Wednesday. The Canadian Dollar (CAD) recovers some lost ground after reaching a 55-month low due to US President-elect Donald Trump vowing tariffs on Mexico and Canada and extra tariffs on China.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 1.4171 * | 1.4274 ** | 1.4370 *** |
| 1.4075 | Support* | 1.3971 * | 1.3875 ** | 1.3771 *** |
Weekly forecast:

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WTI

Trend Theme:WTI recovers above $68.50 on a large surprise crude draw
Trend Review:West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.75 on Wednesday. The WTI price edges higher amid the uncertainty for the US oil industry and the large surprise crude draw.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 69.82 * | 71.10 ** | 72.04 *** |
| 68.88 | Support* | 67.60 * | 66.66 ** | 65.38 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold price consolidates amid mixed cues; holds comfortably above $2,600
Trend Review:Gold price struggles to capitalize on the overnight bounce from the $2,600 neighborhood or over a one-week low and trades with a mild negative bias on Wednesday. The prevalent risk-on environment, expectations for a less dovish Fed, elevated US bond yields and the underlying bullish sentiment surrounding the USD act as a headwind for the commodity.
Today Advise:Neutral
Key Levels:
| PP | Resistance* | 2647.51 * | 2663.27 ** | 2684.42 *** |
| 2626.36 | Support* | 2610.60 * | 2589.45 ** | 2573.69 *** |
Weekly forecast:

