Date: September 21, 2026
DXY – Hovers Around 100.30 After FOMC
DXY trades around 100.30, hovering at a 6-week high after the Fed hiked rates by 25bp to 3.75-4.00%. Chair Warsh indicated more hikes may follow this year. USD/JPY rose 2.28% last week. RSI at 61, positive.Key Levels:
- Support: 99.86 (100-SMA) – 99.16 (200-SMA)
- Resistance: 100.37 – 100.46
Gold – Recovers to $4,373
Gold trades around $4,373/oz, recovering strongly after hitting a low of $4,234. Falling oil prices and easing bond yields support gold. RSI at 51, neutral. Markets expect a Fed rate hike in October with a 53% probability.Key Levels:
- Support: 4,321 – 4,234
- Resistance: 4,421 – 4,500
WTI Crude – Falls to $95
WTI trades around $95.28/barrel, down nearly 3% for the week. Saudi Arabia restored partial East-West pipeline capacity. US crude inventories fell less than expected. RSI at 58, neutral.Key Levels:
- Support: 94.29 – 90.90
- Resistance: 97.20 – 100.00
USD/JPY – Falls to 157.00 After BoJ
USD/JPY trades around 156.88, falling after the BoJ hiked rates by 25bp to 1.25%. However, the decision was not unanimous, with 2 members opposing. Japan's core inflation fell from 1.8% to 1.7%. RSI at 49, neutral.Key Levels:
- Support: 155.71 – 155.30
- Resistance: 158.42 – 158.74
EUR/USD – Hovers Around 1.1468
EUR/USD trades around 1.1479, hovering below 1.1500. The ECB hiked rates by 25bp last week. RSI at 34, near oversold.Key Levels:
- Support: 1.1456 – 1.1400
- Resistance: 1.1536 – 1.1600
GBP/USD – Hovers Around 1.3382
GBP/USD trades around 1.3390, hovering after the BoE decision. The BoE held rates at 3.75%, but 3 members voted for a hike. RSI at 31, near oversold.Key Levels:
- Support: 1.3300 – 1.3250
- Resistance: 1.3437 – 1.3516
AUD/USD – Recovers to 0.7112
AUD/USD trades around 0.7125, recovering from a 4-week low. The RBA is hawkish, with markets pricing an 87% chance of a September rate hike. RSI at 48, neutral.Key Levels:
- Support: 0.7084 – 0.7078
- Resistance: 0.7165 – 0.7200
ASX200 – Hovers Around 8,731
ASX200 closed at 8,731 points, hovering after three consecutive weekly declines. RBA Governor Bullock made hawkish remarks on inflation. Materials and tech gained, while healthcare and energy declined. RSI at 28.88, near deep oversold.Key Levels:
- Support: 8,650 – 8,600
- Resistance: 8,800 – 8,829 (200-SMA)
Dow Jones – Edges Down 0.18%
Dow Jones fell 0.18% to 51,682. Markets pressured by 10-year Treasury yields above 5% and oil prices above $100. Financials and industrials declined, while healthcare and tech gained. RSI is in low-neutral territory.Key Levels:
- Support: 51,040 – 51,186
- Resistance: 52,000 – 52,771
Key Events This Week
- Tuesday (22/09): RBA Meeting Minutes – RBA meeting minutes
- Wednesday (23/09): US PMI (Sep) – Manufacturing and services activity
- Thursday (24/09): US GDP (Q2) – US economic growth
- Friday (25/09): US Core PCE (Aug) – Fed's preferred inflation gauge
- USD: Hovers around 100.30 after FOMC
- Gold: Recovers to 4,373, awaiting signals
- Oil: Falls to $95, range-bound
- USD/JPY: Falls to 157.00 after BoJ
- EUR/USD: Hovers around 1.1468
- GBP/USD: Hovers around 1.3382
- AUD/USD: Recovers to 0.7112, RBA hawkish
- ASX200: Hovers around 8,731
- Dow Jones: Edges down 0.18%