Trend Theme：USD/CAD pares daily gains, retreats below 1.2700 on renewed USD weakness.
Trend Review：The USD/CAD pair climbed to a daily high of 1.2747 in the early American session but failed to preserve its bullish momentum. As of writing, the pair was down 0.15% on a daily basis at 1.2689.
|PP||Resistance*||1.2738 *||1.2776 **||1.2804 ***|
|1.2709||Support*||1.2671 *||1.2643 **||1.2605 ***|
Trend Theme：AUD/USD continues consolidation within pennant since start of 2021, breakout likely.
Trend Review：AUD/USD back below the 0.7750 mark on Wednesday, closing with losses of about 0.5%. Focus will be on events stateside this week, with Biden unveiling stimulus plans, Fed Chair Powell and plenty of data.
|PP||Resistance*||0.7772 *||0.7807 **||0.7833 ***|
|0.7747||Support*||0.7712 *||0.7686 **||0.7651 ***|
Trend Theme：WTI choppy either side of $53.00 after pulling back from fresh 11-month highs.
Trend Review：No headline, piece of new or theme, in particular, was behind the downside at the time. Rather it appears as if there was just a sudden rush to take profits, given that crude oil markets had advanced to fresh 11-month highs already during Wednesday’s European morning session of around $53.90.
|PP||Resistance*||53.70 *||54.48 **||55.03 ***|
|53.15||Support*||52.37 *||51.82 **||51.04 ***|
Trend Theme：Gold dives out of a bear flag despite President Trump’s impeachment.
Trend Review：Gold dropped during the overnight trade despite the US political tensions. The 4-hour chart now shows a bearish continuation pattern. A renewed rally in the US yields could add to bearish pressures.
|PP||Resistance*||1859.38 *||1869.92 **||1876.69 ***|
|1852.61||Support*||1842.07 *||1835.30 **||1824.76 ***|