Date: August 6, 2026
Key levels: Support 99.42–99.00; Resistance 100.00–100.53.
Outlook: Bearish below 100.00. NFP will set the direction.
Key levels: Support 155.25–155.00, 152.30; Resistance 160.00–162.00.
Outlook: Bearish below 160.00. Intervention risk remains high.
Key levels: Support $74.00–$73.00, $70.70; Resistance $79.59–$80.00.
Outlook: Bearish below $80.00. Geopolitical risk remains.
Key levels: Support $4,200–$4,162–$4,100; Resistance $4,286–$4,300.
Outlook: Bullish above $4,200. Targeting $4,286–$4,300.
Key levels: Support 9,141–9,000; Resistance 9,300 (psychological).
Outlook: Bullish. All-time high established.
Key levels: Support 25,700–25,500; Resistance 26,000.
Outlook: Neutral. Needs to break 26,000.
US Dollar – ADP Miss Weighs
DXY remains below 100.00. ADP employment for July came in at just 44,000 (lowest since January), well below the 70,000 estimate, reinforcing expectations of a more dovish Fed. Markets now await Friday's NFP report.Key levels: Support 99.42–99.00; Resistance 100.00–100.53.
Outlook: Bearish below 100.00. NFP will set the direction.
USD/JPY – Trading Near 157.70
USD/JPY trades near 157.70 after US-Japan coordinated intervention. The low of 155.25 has been tested. The 160.00 level now acts as psychological resistance, with intervention remaining a threat. A new equilibrium is forming in the 155-160 range.Key levels: Support 155.25–155.00, 152.30; Resistance 160.00–162.00.
Outlook: Bearish below 160.00. Intervention risk remains high.
WTI Crude – Plunges to $74
WTI crude trades near $74.50/bbl, down over 6% for the week on hopes of US-Iran negotiations. Qatar, the US, and Iran all confirmed progress in talks regarding the Strait of Hormuz. However, an official agreement has not yet been reached.Key levels: Support $74.00–$73.00, $70.70; Resistance $79.59–$80.00.
Outlook: Bearish below $80.00. Geopolitical risk remains.
Gold – Surges Above $4,240
Gold trades above $4,240/oz, its highest since June 18. Weak ADP data and progress in US-Iran talks lowered Fed hike expectations, supporting gold. Lower oil prices also eased inflation pressures.Key levels: Support $4,200–$4,162–$4,100; Resistance $4,286–$4,300.
Outlook: Bullish above $4,200. Targeting $4,286–$4,300.
ASX200 – Hits All-Time High
ASX200 rose 0.9% to 9,228, closing at an all-time high. Four consecutive days of gains. Materials (+3.56%) led the rally on higher gold and copper prices. Sentiment was supported by Middle East peace hopes.Key levels: Support 9,141–9,000; Resistance 9,300 (psychological).
Outlook: Bullish. All-time high established.
Hangseng – Hovering Near 26,000
Hangseng was nearly flat at 25,858. Weak China PMI data and US-China tech tensions capped upside. Semiconductors and gold sectors gained, while banks and energy declined.Key levels: Support 25,700–25,500; Resistance 26,000.
Outlook: Neutral. Needs to break 26,000.
Currency Pairs – Key Levels
- EUR/USD: 1.1545–1.1558 – Support 1.1440; Resistance 1.1600–1.1616
- GBP/USD: 1.3455–1.3506 – Support 1.3393–1.3400; Resistance 1.3500–1.3506
- AUD/USD: 0.7045–0.7075 – Support 0.7000–0.6946; Resistance 0.7075–0.7100
Key Events Today
- US Initial Jobless Claims – weekly unemployment data
- Friday NFP – the main event of the week
- DXY: Bearish below 100, pressured by weak ADP
- Gold: Bullish above $4,200, targeting $4,300
- Oil: Bearish, geopolitical news-driven
- ASX200: All-time high at 9,228
- USD/JPY: Range-bound 155-160
