Asia Forex Update: Dollar Holds Firm, Gold and Euro Slip

Session brief Bullish bias Oct 13, 2026, 00:34 UTC

Daniel TanAsia-Pacific Market Analyst · ForexR analyst

The dollar holds a broad edge during the Asia session as EUR/USD, GBP/USD and AUD/USD sit in downtrends and gold eases toward S1 at 4143.49, with a run of central bank speeches and US data due later today.

Dollar Firms as the Asia Session Unfolds

The US dollar is holding a broad edge in early Asia trading, with EUR/USD, GBP/USD and AUD/USD all sitting in daily and four-hour downtrends while USD/CAD trades higher on both of the same windows. EUR/USD last changed hands at 1.11567, parked between the S1 support at 1.11315 and the daily pivot at 1.1174; Gold (XAU/USD) is at 4164.7, between its S1 at 4143.49 and pivot at 4180.27; and AUD/USD sits at 0.69508, between S1 at 0.69428 and the pivot at 0.69684. USD/JPY is the outlier, firmer on the four-hour chart at 158.376 even though its daily trend reads mixed, leaving the broader dollar picture tilted firm rather than uniform.

Treasury yields closed October 9 with the 2-year note at 4.8% (up 5 basis points) and the 10-year at 5.24% (up 2 basis points), a backdrop that sits alongside the dollar's current footing rather than a stated reason for it. Relative positioning across these pairs can also be cross-checked with the currency strength meter.

Session Snapshot: Crypto Leads, Forex Calmer

Crypto is driving the session's largest daily moves: Ethereum (ETH/USD) is down 4.57% to 2418.52, sitting between its S1 at 2364.22 and its daily pivot at 2469.8, while Bitcoin (BTC/USD) is down 2.04% to 81272.63 and has already dropped through its S1 at 81986.61, trading beyond the bottom of its pivot ladder. Equities and energy are softer too, with the Nasdaq 100 (US100) off 0.36% to 30545.9 and WTI crude (XTI/USD) down 0.23% to 92.118, even though both remain in daily uptrends. Within G10 forex the moves are far smaller: USD/JPY down 0.13% to 158.376, AUD/USD down 0.09% to 0.69508, GBP/USD unchanged at 1.32072, USD/CAD up a fractional 0.01% to 1.42805, and EUR/USD edging up 0.03% to 1.11567 despite its own daily downtrend.

Three Setups to Note

Gold (XAU/USD) is down 0.16% on the day at 4164.7, sandwiched between the S1 support at 4143.49 and the daily pivot at 4180.27, with both the daily and four-hour trends pointing down and the 14-day RSI at 43.7. The five-day change is still positive at 0.59%, so today's dip has not erased the broader short-term advance. A recovery back above the pivot at 4180.27 would open the way toward R1 at 4205.94; a break back under S1 at 4143.49 would mark a deeper slide, with the $83.96 average true range framing the typical daily range. The pivot point calculator lists the same ladder for other pairs in one place.

EUR/USD is up fractionally at 1.11567 on the day, yet it carries the lowest 14-day RSI among the pairs covered here at 22.1, alongside a five-day change of -0.57% and both the daily and four-hour trends pointing lower. Price sits between S1 at 1.11315 and the pivot at 1.1174; a push back above the pivot would open the way to R1 at 1.11963, while a break under S1 at 1.11315 would extend the slide, with the 61.6-pip average true range framing how far either move could travel.

AUD/USD is down 0.09% at 0.69508, also pinned between S1 at 0.69428 and the pivot at 0.69684, with the daily and four-hour trends both down and a five-day change of -0.27%. A reclaim of the pivot at 0.69684 would put R1 at 0.69829 in view; a break below S1 at 0.69428 would mark a fresh leg lower, with the 44.5-pip average true range as a rough guide to the day's typical range.

Newsflow and the Calendar Ahead

Overnight commentary leaned toward a firmer-dollar narrative, with FX Street linking gold's slip and the euro's retreat to broad dollar strength and a hawkish tone out of the Fed. At the same time, FX Street, Forexcom and FXEmpire carried separate pieces flagging longer-term accumulation and support themes in precious metals, and Forexcom highlighted a developing technical setup on the GBP/AUD cross ahead of the Reserve Bank of Australia's minutes. These reflect sentiment and technical read-throughs rather than confirmed drivers of the session's price action.

The calendar picks up well after this Asia print. BoE's Greene speaks at 03:00 UTC today, followed by German Harmonized Index of Consumer Prices data at 06:00 UTC, with both the year-over-year and month-over-month readings carrying a previous and estimate of 3.3% and 0.6% respectively. The ECB's Elderson speaks at 07:15 UTC, just after London's 07:00 UTC open, with the Fed's Waller following at 07:45 UTC and the ECB's Escrivá at 08:05 UTC. Later, the US releases the ADP Employment Change four-week average at 12:15 UTC (previous 23.75) and Existing Home Sales Change for the month at 14:00 UTC (previous -2%). The economic calendar guide covers how previous and estimate figures compare once the actual prints land.

Bottom Line

With EUR/USD, GBP/USD and AUD/USD all holding beneath their daily pivots in established downtrends, and USD/CAD holding above its own pivot in an uptrend, the broader lean into the London open at 07:00 UTC favors a firmer dollar rather than a move confined to a single pair. Gold's pullback and the steeper losses in Ethereum and Bitcoin stand out as the session's largest percentage moves, while the run of central bank speakers and US data later today gives the next test of whether that dollar firmness holds.