August 3, 2026
Key levels: Support 99.49–99.00; Resistance 100.00–101.39.
Outlook: Bearish below 100.00. NFP data on Friday will set direction.
Key levels: Support $4,000–$3,969–$3,942; Resistance $4,100–$4,120–$4,185.
Outlook: Neutral to bullish above $4,000. Break above $4,100 needed for confirmation.
Key levels: Support $77.16–$77.00, $80.00; Resistance $88.02–$90.00.
Outlook: Bullish above $80.00. Watch geopolitical headlines closely.
Key levels: Support 8,900–8,840–8,700; Resistance 9,086.
Outlook: Neutral to bearish. Needs to hold 8,900.
Key levels: Support 51,600–51,500; Resistance 52,900–53,000.
Outlook: Neutral. NFP data will set direction.
Key levels: Support 157.00–156.90; Resistance 160.00–160.88.
Outlook: Bearish below 160.00. Watch for further intervention.
Key levels: Support 1.1424 (MA20); Resistance 1.1568 (MA100).
Outlook: Bullish above 1.1424.
US Dollar – Breaks Below 100
DXY tumbled below 100.00, closing the week at 99.70, down 1.65%. The Fed held rates but three FOMC members dissented, wanting a 25bp hike. Markets questioned whether the Fed is hawkish enough to fight inflation, triggering broad USD selling. The 100.00 level has now turned from support into resistance.Key levels: Support 99.49–99.00; Resistance 100.00–101.39.
Outlook: Bearish below 100.00. NFP data on Friday will set direction.
Gold – Holds Above $4,000
Gold trades near $4,050-4,060/oz, holding above the psychological $4,000 support. Escalating US-Iran tensions continue to support safe-haven demand. However, September Fed hike expectations (~63%) could cap upside momentum.Key levels: Support $4,000–$3,969–$3,942; Resistance $4,100–$4,120–$4,185.
Outlook: Neutral to bullish above $4,000. Break above $4,100 needed for confirmation.
Oil – Rises on Geopolitical Risks
WTI crude trades near $85/bbl, up 1%. Iran attacked oil tankers transiting the Strait of Hormuz, with US-Iran tensions continuing to escalate. US crude inventories declined, tightening supply.Key levels: Support $77.16–$77.00, $80.00; Resistance $88.02–$90.00.
Outlook: Bullish above $80.00. Watch geopolitical headlines closely.
ASX200 – Pulls Back from Highs
ASX200 fell 0.8% to 8,968, ending a 3-day winning streak. Profit-taking emerged after the Fed decision and escalating geopolitical tensions. IT and materials led declines.Key levels: Support 8,900–8,840–8,700; Resistance 9,086.
Outlook: Neutral to bearish. Needs to hold 8,900.
Dow Jones – Ends Week Positive
Dow Jones rose 0.53% to 52,485, recovering from a mid-week selloff. Amazon's strong earnings eased concerns over AI spending and boosted tech stocks. Markets now await Friday's NFP data.Key levels: Support 51,600–51,500; Resistance 52,900–53,000.
Outlook: Neutral. NFP data will set direction.
Japanese Yen – Intervention Sparks Surge
USD/JPY tumbled nearly 4% last week to 157.35, marking its largest weekly drop in recent history. Japan's intervention and US Treasury Secretary Bessent's comments that the yen is "seriously undervalued" triggered a sharp reversal. Intervention remains a key risk.Key levels: Support 157.00–156.90; Resistance 160.00–160.88.
Outlook: Bearish below 160.00. Watch for further intervention.
EUR/USD – Rises on Strong Data
EUR/USD climbed to 1.1537, supported by stronger-than-expected Eurozone GDP (0.4% vs 0.2% expected). German and Spanish inflation data reinforced expectations for ECB tightening.Key levels: Support 1.1424 (MA20); Resistance 1.1568 (MA100).
Outlook: Bullish above 1.1424.
Currency Pairs – Key Levels
- AUD/USD: 0.7010–0.7035 – Support 0.6950–0.6900; Resistance 0.7035–0.7040
- GBP/USD: 1.3468–1.3495 – Support 1.3445; Resistance 1.3500–1.3530
Key Events This Week
- RBA Policy Meeting – August rate decision
- Friday: US Nonfarm Payrolls – key catalyst for Fed expectations
- DXY: Bearish below 100.00
- Gold: Neutral to bullish above $4,000
- Oil: Bullish above $80.00
- ASX200: Pulling back, watch 8,900 support
- Dow Jones: Neutral, awaiting NFP
