USD/CAD
Trend Theme：Canadian Dollar churns in the middle ground amidst thin holiday Wednesday markets.
Trend Review：The USD/CAD pair trades with mild gains around 1.3710, snapping the four-day losing streak during the early Asian trading hours on Thursday. The modest recovery of the US Dollar might be limited amid reduced bets of the US Federal Reserve rate cut this year.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.37129 * | 1.37148 ** | 1.37203 *** |
| 1.37093 | Support* | 1.37074 * | 1.37038 ** | 1.36983 *** |
Weekly forecast：
————————————————————————————————-
USD/JPY
Trend Theme：USD/JPY hovers near 158.00 with focus on Japan’s National CPI.
Trend Review：USD/JPY trades sideways near 158.00 as investors look for fresh cues on the Fed’s rate-cut timeframe. US Retail Sales barely grew in May against expectations of 0.2%. The BoJ minutes for the June meeting showed that policymakers discussed hiking interest rates sooner.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 158.117 * | 158.171 ** | 158.308 *** |
| 158.034 | Support* | 157.98 * | 157.897 ** | 157.76 *** |
Weekly forecast：
—————————————————————————————————
WTI
Trend Theme：WTI posts fresh six-week high near $81.00 on geopolitical uncertainty and firm Fed rate-cut bets.
Trend Review：West Texas Intermediate, futures on NYMEX, hold gains near fresh six-week high near $80.70 in Wednesday’s Asian session. The Oil price strengthens due to an improvement in expectations that the Federal Reserve will start reducing interest rates from the September meeting and deepening tensions in the Middle East and Europe.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 80.623 * | 80.687 ** | 80.807 *** |
| 80.567 | Support* | 80.503 * | 80.447 ** | 80.327 *** |
Weekly forecast：
—————————————————————————————————
XAU/USD
Trend Theme：Gold price climbs amid traders’ optimism of Fed rate cuts.
Trend Review：Gold’s price barely moved Wednesday during the North American session as traders remained absent in observance of the Juneteenth holiday. Data from the United States continued to weaken, a sign of relief for traders who remain confident the Federal Reserve will ease policy twice this year.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2334.26 * | 2336.81 ** | 2341.65 *** |
| 2331.97 | Support* | 2329.42 * | 2327.13 ** | 2322.29 *** |
Weekly forecast：
