Technical Views

Latest edition · October 6, 2026

pts wtv ccb 20261006

The US dollar recovery is showing signs of tactical exhaustion near 102.53–102.86 resistance as major counterpart pairs test key supports. Concurrently, global sovereign yields are nearing crucial intermediate technical targets across the US, Germany, and Japan, raising the likelihood of a near-term consolidation pause.

Pictet's technical review highlights that while the broader uptrend in the US dollar and global sovereign bond yields remains structurally active, both are increasingly mature and overbought. DXY approaches key resistance at 102.53–102.86 while EUR/USD tests wave-4 support at 1.1221. In fixed income, the US 10-year yield targets 5.37%, Germany's 10-year yield tests 3.66%, and Japan's 10-year yield advances toward 3.28%, with momentum indicators suggesting consolidation is probable. Meanwhile, commodity markets show mixed behavior: crude oil and precious metals face corrective pressure, whereas copper displays strong technical compression below 6.72.

Key takeaways from the latest edition

• 1.The US dollar recovery is tactically stretched as DXY approaches key resistance at 102.53–102.86 with EUR/USD testing pivotal support at 1.1221.
• 2.Global benchmark yields continue their structural uptrends but face consolidation risk as they test intermediary targets, including US 10-year yields targeting 5.37%, German 10-year at 3.66%, and Japan 10-year at 3.28%.
• 3.In commodities, WTI crude oil faces downward pressure toward 86.90–88.40 following a break below 91.58, gold and silver test key supports, while copper maintains the strongest technical setup compressing below 6.72.

What this series covers

• Dollar strength matures as global yields approach intermediary targets
• Forex: Major Pairs
• Forex: Minor Pairs
• Commodities
• Govt. Bond Yields

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