Pictet
June 9, 2026
Technical Views: Currencies Commodities & 10Y Yield
Market ReportFXCommoditiesRates Govt BondsOther
This report provides technical analysis of key currency pairs, commodities, and government bond yields as of June 9, 2026. Markets are largely at consolidation phases, testing major support and resistance thresholds.
Key Takeaways
- 1.Gold has broken significant support at 4,400 and faces further downside to 4,100.
- 2.The US Dollar index is testing major resistance at 100.36; a sustained break above would negate bearish bias.
- 3.Copper exhibits bullish technical patterns with a projected move to 7.06.
Table of Contents
- Forex: Major Pairs
- DXY (LT): Indicators close to posting positive signals
- DXY (ST): Approaching key resistance at 100
- EUR/USD (MT): Stabilization below 1.2020
- EUR/USD (ST): Indecision persists within the range
- USD/CHF (MT): Ongoing pressure, but tentative signs of momentum shift
- USD/CHF (ST): 200-day SMA surpassed, next resistance key to avoiding new drop
- GBP/USD (LT): Stabilization below key resistance at 1.3771
- GBP/USD (ST): Trading confined within the 1.31–1.38 range
- USD/JPY (MT): Back at key resistance area 160–162
- USD/JPY (ST): Returning towards key resistance area at 160 - 162
- USD/CNH (ST): Initial recovery signal with 6.83 in focus
- Forex: Minor Pairs
- EUR/CHF (LT): Negative momentum may persist, but scope for recovery remains
- EUR/CHF (ST): Back at resistance area of 0.9210 - 0.9240
- EUR/GBP (ST): Still close to 0.8626 support
- AUD/USD (MT): Pullback to 0.6956–0.6757
- USD/CAD (MT): Stabilization above 1.3540
- USD/CAD (ST): Attempting to break resistance, 1.4150 in focus
- Commodities
- WTI Crude Oil (ST): Short-term range persists; key levels at 96 and 88
- Gold (ST): Failed to hold above 4,400
- Silver (ST): Still holding above support, potential rebound to 76
- Copper (MT): Holding above 6.14, rise to 7.06
- Govt. Bond Yields
- US 10-Year Treasury Yield (MT): Pause after recent attempt to break above resistance
- US 5-Year Treasury Yield (ST): Consolidation towards 4.01–3.92% before a new attempt?
- US 2-Year Treasury Yield (MT): Consolidation under way before a new rise?
- US 10-2 Year Treasury Yield Spread (MT): Consolidation in progress towards 0.30
- Germany 10-Year Yield (ST): Stabilising above 2.91%, move underway towards 3.35%
- Japan 10-Year Yield (ST): Pullback in progress towards 2.49%, potentially 2.34%
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Authors
Trading Strategy Team
Securities
DXYWTI Crude OilXAU
Themes
Technical AnalysisMarket Consolidation
Regions
GlobalAsia PacificEuropeUnited StatesJapanGermany