Pictet
June 23, 2026
Technical Views Currencies Commodities and 10Y Yield
Market ReportFXCommoditiesRates Govt BondsOther
The report provides technical analysis on key currency pairs, commodities, and government bond yields as of June 2026. A primary focus is the US Dollar Index's breakout, signaling a stronger USD regime.
Key Takeaways
- 1.The US Dollar Index (DXY) has confirmed an upside breakout above the 100.00–100.36 range, indicating a shift to a stronger USD regime.
- 2.Commodity trends are divergent; Copper remains constructive with upside targets, while WTI Crude Oil and Gold face downward pressure or consolidation.
- 3.US Treasury yields are in a transitional phase, with the 10-year struggling to confirm a breakout, while the 2-year yield shows stronger momentum at resistance.
Table of Contents
- Dollar at 52-week high and breaking resistance
- PTS Technical Views: Currencies, commodities, bonds
- Forex: Major Pairs
- DXY (LT): Indicators close to posting positive signals
- DXY (ST): Positive breakout
- EUR/USD (MT): Stabilization below 1.2020
- EUR/USD (ST): Testing lower band of its range
- USD/CHF (MT): Ongoing pressure, but tentative signs of momentum shift
- USD/CHF (ST): Signs of positive momentum building
- GBP/USD (LT): Stabilization below key resistance at 1.3771
- GBP/USD (ST): Weak momentum, hovering just above support
- USD/JPY (MT): Back at key resistance area 160–162
- USD/JPY (ST): Back at a previous high at 161.95
- 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): Above 200-day SMA but awaiting confirmation
- EUR/GBP (ST): Bullish momentum at risk
- AUD/USD (MT): Pullback to 0.6956–0.6757
- USD/CAD (MT): Stabilization above 1.3540
- USD/CAD (ST): Signs rebound evolving into broader recovery
- Commodities
- WTI crude oil (ST): Back to 200-day SMA
- Gold (ST): Stabilisation attempt after falling below 200-day SMA
- Silver (ST): Attempting to stabilize at a critical technical juncture
- 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): Trying to move higher
- US 2-Year Treasury Yield (MT): Testing key resistance
- US 10–2 Year Treasury Yield Spread (MT): Consolidation reaches first support
- Germany 10-Year Yield (ST): Stabilising above 2.91%
- Japan 10-year yield (ST): Pullback short-lived as positive momentum resumes
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Authors
Fabio Salvagni
Securities
DXYWTI Crude Oil
Themes
USD StrengtheningBond Yield ConsolidationCommodity Price Divergence
Regions
GlobalEuropeAsia PacificUnited StatesSwitzerlandCanada
