5 Oct. 2026

5–9 Oct. 2026

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• AUD/USD

Update: AUD/USD enters the week attempting to stabilize after four consecutive weekly declines and a sharp retreat from the September highs. The pair found support around the 0.6900 region and has started to recover as weaker U.S. employment data reduced expectations for another immediate Federal Reserve rate increase. However, softer Australian inflation has also reduced expectations for further near-term RBA tightening, limiting the strength of the rebound. The 0.7000–0.7030 region now represents an important resistance zone. A sustained recovery above this area would improve the short-term structure and expose 0.7080. A break back below 0.6900 would signal renewed bearish momentum and bring the 0.6830 region into focus.

• EUR/USD

Update: EUR/USD enters the week under renewed selling pressure as concerns surrounding France's fiscal position and political uncertainty weigh heavily on the euro. Rising French government bond yields and widening spreads against German bonds have increased concerns over broader euro-area financial stability, pushing the pair toward its lowest levels in more than a year. The short-term structure remains bearish while price stays below the 1.1300 region. A recovery above this area would be required to ease immediate downside pressure and allow a rebound toward 1.1400. On the downside, a sustained break below 1.1200 would expose the 1.1100 region and reinforce the broader bearish structure.

• GBP/JPY

Update: GBP/JPY begins the week in a consolidation phase as conflicting fundamental forces continue to influence the cross. Sterling remains relatively supported by expectations that the Bank of England may need to maintain a restrictive policy stance, while the Japanese yen has struggled to gain sustained momentum despite the Bank of Japan's recent tightening. Price is currently consolidating around the 208.00–209.00 region following the sharp volatility seen throughout September. A sustained break above 210.00 would improve the short-term structure and could open the way toward 212.00. On the downside, a break below 207.00 would increase selling pressure and expose the 205.00 region.

• GBP/USD

Update: GBP/USD begins October testing a critical technical support zone after extending its decline from the August highs. The pair has stabilized near the 1.3190–1.3200 region, where the lower boundary of the broader 2026 trading range is providing support. Sterling remains relatively resilient compared with the euro, but the broader short-term trend remains under pressure while price trades below 1.3300. A sustained recovery above 1.3300 would suggest that a more significant short-term low may be forming and could expose the 1.3400 region. A weekly close below 1.3190, however, would confirm a renewed breakdown and bring 1.3100 into focus.

• XAU/USD

Update: Gold enters the week near the 4,140 region after extending its correction from the September highs. Weaker U.S. employment data has significantly reduced expectations for another Federal Reserve rate increase in October, providing some underlying support to the metal. However, elevated Treasury yields and a firm U.S. dollar continue to limit recovery momentum. The 4,100 area now represents the most important short-term support zone. Holding above this region could allow another recovery toward 4,230 and 4,300. A sustained break below 4,100 would weaken the current structure and increase the risk of a deeper correction toward the psychological 4,000 region.