Date: September 23, 2026
DXY – Hovers Around 100.46, Awaiting Fed Signals
DXY trades around 100.36, hovering at highs after the Fed’s rate hike. Markets price a 56.5% chance of an October rate hike, up from 42.5% a week ago. RSI at 63, positive but near overbought.
Key Levels:
· Support: 100.00 – 99.90
· Resistance: 100.56 – 101.00
Outlook: Bullish, testing 100.56 resistance.
Gold – Awaits Signal at $4,360
Gold trades around $4,333/oz, pressured by a strong USD and expectations of a December Fed rate hike (88% probability). However, prices remain above the 100-day SMA at $4,317. RSI at 48, neutral.
Key Levels:
· Support: 4,317 – 4,300
· Resistance: 4,400 – 4,500
Outlook: Range-bound, awaiting signals.
WTI Crude – Falls to $89
WTI fell for a fifth consecutive session to around $89.09/barrel. President Trump said talks with Iran are progressing well. Iran is ready to reopen the Strait of Hormuz within 7 days if the US lifts its blockade. RSI at 47, neutral.
Key Levels:
· Support: 89.00 – 85.14
· Resistance: 95.00 – 97.50
Outlook: Bearish, testing $89 support.
USD/JPY – Falls to 157.55 Ahead of Japan Holiday
USD/JPY trades around 157.40, edging lower as Japan enters a holiday period. Markets are alert to intervention risks amid low liquidity. RSI at 49, neutral. The 158.00-158.44 resistance zone is key.
Key Levels:
· Support: 156.65 – 156.00
· Resistance: 158.00 – 158.44
Outlook: Range-bound, intervention risk.
EUR/USD – Falls to 1.1440
EUR/USD trades around 1.1469, falling for a second consecutive session. A stronger USD after hawkish remarks from Fed official Musalem weighs on the pair. Political instability in Germany adds pressure. RSI at 34, near oversold.
Key Levels:
· Support: 1.1400 – 1.1374
· Resistance: 1.1509 – 1.1548
Outlook: Bearish, pressure from USD.
GBP/USD – Hovers Around 1.3330
GBP/USD trades around 1.3371, hovering after UK public borrowing rose more than expected in August. Concerns over the UK’s fiscal position weigh on the pound. RSI at 35, near oversold.
Key Levels:
· Support: 1.3344 – 1.3254
· Resistance: 1.3407 – 1.3434
Outlook: Bearish, awaiting signals.
AUD/USD – Recovers to 0.7108
AUD/USD trades around 0.7120, recovering slightly. RBA Chief Economist Hunter said a fourth rate hike this year may be needed. Markets price a 95% chance of a September RBA hike. RSI at 47, neutral.
Key Levels:
· Support: 0.7079 – 0.7074
· Resistance: 0.7161 – 0.7200
Outlook: Recovering, RBA hawkish.
ASX200 – Edges Up to 8,758
ASX200 rose 0.3% to 8,758 points. Tech led gains with a 2.67% rise. Markets await the Trump-Xi summit on September 24. RSI at 55, neutral.
Key Levels:
· Support: 8,700 – 8,600
· Resistance: 8,800 – 8,850
Outlook: Mildly bullish, awaiting signals.
Shanghai Composite – Flat Around 3,952
Shanghai Composite closed nearly unchanged at 3,952 points. Markets await the Trump-Xi summit. Trading volume increased slightly. RSI is in neutral territory.
Key Levels:
· Support: 3,945 – 3,900
· Resistance: 3,967 – 4,000
Outlook: Flat, awaiting signals.
Key Events This Week
· Wednesday (23/09): US S&P Global Manufacturing PMI (Sep) – Manufacturing activity
· Thursday (24/09): US Initial Jobless Claims – Weekly jobs data
· Friday (25/09): US New Home Sales (Aug) – New home sales
· Saturday (26/09): US Michigan Consumer Sentiment (Sep) – Consumer sentiment
· USD: Hovers around 100.46, awaiting Fed signals
· Gold: Awaits signal at 4,360, RSI 48
· Oil: Falls to $89, testing support
· USD/JPY: Falls to 157.55, intervention risk
· EUR/USD: Falls to 1.1440, RSI 34
· GBP/USD: Hovers around 1.3330, RSI 35
· AUD/USD: Recovers to 0.7108, RBA hawkish
· ASX200: Edges up to 8,758
· Shanghai: Flat around 3,952
