Technical analysis of the DAX 40 as it falls through key support while AUD/USD, copper price remain under pressure.
DailyFX Real Time News 2026-10-01 11:51:04
Context: The DAX 40 index has fallen through a key support zone, driven by a decline in Asian stocks amidst elevated bond yields and uncertainty over the global interest-rate outlook. This downturn is also influenced by a stronger US dollar, which has reached a three-month high, and a retreat in oil prices as Gulf supplies recover. Meanwhile, technical analysis suggests that the DAX 40 may slide further towards its 200-day simple moving average.
Key Facts
- The US 10-year Treasury yield climbed to 5.31%, its highest level since 2007, amid concerns about persistent price pressures and higher oil costs.
- The DAX 40 index has fallen below its key 25,176-to-25,164 support zone and may slide towards the 200-day simple moving average at 24,829.
- AUD/USD has dropped by nearly 4% from its $0.7238 early September high and is approaching the July low at $0.6923.
- The price of Copper is coming off its record high of $6.8181, with minor support seen in the $6.5000 region and potential further decline to $6.3923-to-$6.3826.