Date: August 7, 2026
Key levels: Support 99.42–99.00; Resistance 100.00–100.55.
Outlook: Bearish below 100.00. NFP will set the direction.
Key levels: Support 157.00–155.23; Resistance 160.00–161.41.
Outlook: Bearish below 160.00. Intervention risk remains high.
Key levels: Support $75.45–$74.00, $70.70; Resistance $78.91–$80.00.
Outlook: Neutral. High volatility, watch geopolitical headlines.
Key levels: Support $4,157–$4,100; Resistance $4,286–$4,300–$4,382.
Outlook: Bullish above $4,157. Targeting $4,300–$4,382.
Key levels: Support 9,200–9,141; Resistance 9,300 (psychological).
Outlook: Bullish but RSI nearing overbought – potential pullback.
Key levels: Support 13,900–13,800; Resistance 13,997.
Outlook: Pullback from highs. Awaiting NFP.
US Dollar – Awaiting NFP
DXY trades near 99.85, remaining below 100. The market is waiting for Friday's NFP (8:30 PM AEST). Weak ADP data (44k) has already pressured the dollar. A weak NFP could send DXY toward 99.00-99.42, while a strong print could trigger a bounce toward 100.45-100.71.Key levels: Support 99.42–99.00; Resistance 100.00–100.55.
Outlook: Bearish below 100.00. NFP will set the direction.
USD/JPY – Recovers to 158.50
USD/JPY trades near 158.50, recovering from the 155.25 low. Intervention remains a key risk, with Japan ready to act again. The 160.00 level is psychological resistance, with a break potentially targeting 161.41 (20-day EMA).Key levels: Support 157.00–155.23; Resistance 160.00–161.41.
Outlook: Bearish below 160.00. Intervention risk remains high.
WTI Crude – Recovers to $77
WTI crude trades near $77.20/bbl, recovering from the $74 low. Iran and Oman reached an agreement on a shipping corridor through the Strait of Hormuz. However, the agreement is temporary (2-4 months) and not a full reopening. Houthi threats in the Red Sea persist.Key levels: Support $75.45–$74.00, $70.70; Resistance $78.91–$80.00.
Outlook: Neutral. High volatility, watch geopolitical headlines.
Gold – Above $4,235, Targeting $4,300
Gold trades above $4,235/oz, breaking above the 50-day MA ($4,157) and the July 22 high ($4,166). Weak ADP data and Iran peace hopes lowered Fed hike expectations, supporting gold. Next targets: $4,286 (70-day MA), $4,300, and $4,382 (June 17 high).Key levels: Support $4,157–$4,100; Resistance $4,286–$4,300–$4,382.
Outlook: Bullish above $4,157. Targeting $4,300–$4,382.
ASX200 – Fresh All-Time High
ASX200 rose 0.47% to 9,272, closing at a new all-time high. Four consecutive days of gains. Australia's unexpected trade surplus and new fiscal inflows supported the market. Materials and financials led gains.Key levels: Support 9,200–9,141; Resistance 9,300 (psychological).
Outlook: Bullish but RSI nearing overbought – potential pullback.
NZX50 – Pulls Back from Record High
NZX50 fell 0.3% to 13,958 after hitting a record high of 13,997. Q2 unemployment rose to 5.6% (highest since 2015). Markets await NFP data and China trade data.Key levels: Support 13,900–13,800; Resistance 13,997.
Outlook: Pullback from highs. Awaiting NFP.
Currency Pairs – Key Levels
- EUR/USD: 1.1510–1.1560 – Support 1.1447; Resistance 1.1560–1.1630
- GBP/USD: 1.3443–1.3490 – Support 1.3404–1.3407; Resistance 1.3500–1.3558
- AUD/USD: 0.7020–0.7070 – Support 0.7000–0.6958; Resistance 0.7075–0.7120
Key Event Today – IMPORTANT
- 8:30 PM AEST: US Nonfarm Payrolls – the main event of the week
- 8:30 PM AEST: US Unemployment Rate (July)
- This data will set direction for all markets: USD, Gold, Oil, Equities
- DXY: Below 100, awaiting NFP
- Gold: Above $4,235, bullish
- Oil: Neutral, volatile
- USD/JPY: Recovering to 158.50, intervention risk
- ASX200: Fresh high at 9,272
- EUR/USD: Neutral, support at 1.1447
