Date: October 7, 2026
DXY – Hovers Around 102, RSI Enters Overbought
DXY trades around 102.04, hovering at its highest since April 2025. The USD is supported by European debt concerns and high US bond yields. Markets price an 84% chance of a December Fed rate hike. RSI at 74.16, overbought.
Key Levels:
- Support: 101.66 (20-EMA) – 100.67
- Resistance: 102.52 – 103.00
Outlook: Bullish, caution near overbought.
Gold – Awaits Signal at $4,160
Gold trades around $4,156/oz, hovering after weak jobs data reduced Fed rate hike expectations. However, a strong USD and high yields continue to pressure. RSI at 40, low-neutral.
Key Levels:
- Support: 4,129 – 4,110
- Resistance: 4,197 – 4,265
Outlook: Range-bound, awaiting signals.
WTI Crude – Falls to $89
WTI trades around $87.97/barrel, down over 2%. Middle East oil exports recovered and the G7 pledged to increase supply. However, concerns over supply disruptions from Iran persist. RSI at 44, low-neutral.
Key Levels:
- Support: 85.63 – 84.33
- Resistance: 90.00 – 92.00
Outlook: Bearish, testing 85.63 support.
EUR/USD – Falls to 1.1250
EUR/USD trades around 1.1242, falling to a 17-month low. Political instability in France and Spain weigh on the EUR. RSI at 23, deeply oversold.
Key Levels:
- Support: 1.1200 – 1.1190
- Resistance: 1.1306 – 1.1358
Outlook: Bearish, deeply oversold territory.
GBP/USD – Recovers to 1.3265
GBP/USD trades around 1.3240, recovering slightly. The BoE is expected to tighten policy due to persistent inflation. The USD takes a breather after a strong rally. RSI at 37, near oversold.
Key Levels:
- Support: 1.3180 – 1.3107
- Resistance: 1.3293 – 1.3316
Outlook: Mild recovery, awaiting signals.
USD/JPY – Falls to 158.30
USD/JPY trades around 158.24, edging lower. Japanese PM Takaichi pursues expansionary fiscal policy. Markets await Japanese economic data. RSI at 55, neutral.
Key Levels:
- Support: 157.50 – 157.00
- Resistance: 158.50 – 159.00
Outlook: Range-bound, intervention risk.
AUD/USD – Falls to 0.6970
AUD/USD trades around 0.6970, edging lower. Australian consumer sentiment fell for a second consecutive month. A stronger USD and reduced RBA rate hike expectations weigh on the AUD. RSI at 35, near oversold.
Key Levels:
- Support: 0.6905 – 0.6900
- Resistance: 0.7000 – 0.7033
Outlook: Bearish, near oversold territory.
ASX200 – Rises 0.6% to 8,736
ASX200 rose 0.6% to 8,736 points, its third consecutive daily gain. Materials and financials led gains. Markets await the Fed meeting minutes. RSI is in low-neutral territory.
Key Levels:
- Support: 8,700 – 8,600
- Resistance: 8,800 – 8,850
Outlook: Mildly bullish, awaiting signals.
Shanghai Composite – Rises 0.31% to 3,842
Shanghai Composite rose 0.31% to 3,842 points. New stimulus measures have yet to improve investor sentiment. The market needs more support to overcome weak demand. RSI is in low-neutral territory.
Key Levels:
- Support: 3,800 – 3,780
- Resistance: 3,900 – 3,920
Outlook: Mild recovery, awaiting signals.
Key Events This Week
- Wednesday (07/10): FOMC Meeting Minutes – Fed meeting minutes
- Thursday (08/10): US Initial Jobless Claims – Weekly jobs data
- Friday (09/10): Canadian Job Report – Canada jobs report
- USD: Hovers around 102, RSI 74.16
- Gold: Awaits signal at 4,160, RSI 40
- Oil: Falls to $89, testing 85.63 support
- EUR/USD: Falls to 1.1250, RSI 23
- GBP/USD: Recovers to 1.3265, RSI 37
- USD/JPY: Falls to 158.30
- AUD/USD: Falls to 0.6970, RSI 35
- ASX200: Rises 0.6% to 8,736
- Shanghai: Rises 0.31% to 3,842
