Date: October 2, 2026
DXY – Breaks 102 to 18-Month High
DXY trades around 101.85, hitting 102 for the first time since March 2025. The USD benefits from Fed tightening expectations and a strong US economy. Markets have priced in nearly four rate hikes through end-2027. RSI at 76.91, overbought.
Key Levels:
- Support: 101.61 – 101.42 (5-EMA)
- Resistance: 102.50 – 103.00
Outlook: Strong uptrend, caution near overbought.
Gold – Recovers to $4,170
Gold trades around $4,171/oz, recovering slightly after falling over 6% in September. Lower-than-expected PCE data reduced October Fed rate hike expectations. RSI at 40, low-neutral.
Key Levels:
- Support: 4,110 – 4,100
- Resistance: 4,200 – 4,266
Outlook: Technical recovery, awaiting signals.
WTI Crude – Steadies Above $93
WTI trades around $89.30/barrel, steady after gaining over 1.5% in September. US-Iran disagreements persist. RSI at 50, neutral.
Key Levels:
- Support: 87.04 – 85.93
- Resistance: 95.00 – 97.50
Outlook: Range-bound, awaiting signals.
EUR/USD – Falls to 1.1230
EUR/USD trades around 1.1245, falling to its lowest since May 2025. A stronger USD and expectations of slower ECB tightening weigh on the EUR. RSI at 17.79, deeply oversold.
Key Levels:
- Support: 1.1200 – 1.1150
- Resistance: 1.1335 – 1.1400
Outlook: Bearish, deeply oversold territory.
GBP/USD – Falls to 1.3188
GBP/USD trades around 1.3215, edging lower. The BoE may hike rates in November. Lower-than-expected US PCE data reduced Fed rate hike expectations. RSI at 30, near oversold.
Key Levels:
- Support: 1.3140 – 1.3100
- Resistance: 1.3383 – 1.3439
Outlook: Bearish, near oversold territory.
USD/JPY – Rises to 158.25
USD/JPY trades around 158.21, edging higher. The US-Japan yield differential continues to pressure the Yen. The BoJ may hike rates sooner. RSI at 55, neutral.
Key Levels:
- Support: 157.38 – 157.01
- Resistance: 158.61 – 159.55
Outlook: Range-bound, intervention risk.
AUD/USD – Falls to 0.6918
AUD/USD trades around 0.6941, falling to an 11-week low. A stronger USD and reduced RBA rate hike expectations weigh on the AUD. Australian trade data was weaker than expected. RSI at 27, oversold.
Key Levels:
- Support: 0.6900 – 0.6865
- Resistance: 0.6983 – 0.7000
Outlook: Bearish, near oversold territory.
ASX200 – Plunges 2% to 8,614
ASX200 plunged 2% to 8,614 points, its sharpest daily drop since early March. Rising US bond yields and concerns over RBA tightening weigh on the market. Energy and real estate sectors fell sharply. RSI is in low-neutral territory.
Key Levels:
- Support: 8,500 – 8,400
- Resistance: 8,700 – 8,800
Outlook: Sharp decline, testing 8,500 support.
NZX50 – Falls 0.2% to 13,811
NZX50 fell 0.2% to 13,811 points, trading in a narrow range. Positive New Zealand building permit data provided support. Markets await US jobs data. RSI is in neutral territory.
Key Levels:
- Support: 13,673 – 13,600
- Resistance: 13,853 – 14,000
Outlook: Range-bound, awaiting signals.
Key Events This Week
- Friday (02/10): US Nonfarm Payrolls (Sep) – Highlight of the week
- Friday (02/10): US Unemployment Rate (Sep) – Unemployment rate
- USD: Breaks 102 to 18-month high, RSI 76.91
- Gold: Recovers to 4,170, RSI 40
- Oil: Steadies above $93, awaiting signals
- EUR/USD: Falls to 1.1230, RSI 17.79
- GBP/USD: Falls to 1.3188, RSI 30
- USD/JPY: Rises to 158.25
- AUD/USD: Falls to 0.6918, RSI 27
- ASX200: Plunges 2% to 8,614
- NZX50: Falls 0.2% to 13,811
