Summary: Markets digest post-NFP and RBA moves. We analyze EURUSD, AUDUSD, GBPJPY, XAUUSD, and S&P 500. Identify clear bullish and bearish setups with precise entry levels for June 9.




Market Context: Central Bank Divergence Takes Center Stage
Following Friday’s blockbuster US jobs report, markets are now recalibrating rate expectations. The RBA surprised markets with a hawkish hold today, while ECB speakers hint at a June cut. This divergence creates clear directional opportunities. Below are five assets with the highest trading conviction for today‘s session, based on technical breakouts and fundamental catalysts.
1. EURUSD: Bearish Breakdown Below 1.0750
Current Price: 1.0742
Direction: Sell on Rallies
The pair continues its descent after breaking the 1.0800 floor. The 4-hour chart shows a clean bear flag pattern, suggesting downside continuation. ECB President Lagarde‘s dovish comments yesterday contrasted sharply with the Fed’s patient stance, widening the rate differential.
Resistance: 1.0780, 1.0820
Support: 1.0700 (Psychological), 1.0650
Strategy: Look for rallies to stall near 1.0780 for short entries. The first target is 1.0700, with a stop above 1.0825. Only a daily close above 1.0850 would question the bearish thesis. Momentum indicators remain firmly in negative territory.
2. AUDUSD: Hawkish RBA Provides Temporary Lift
Current Price: 0.6585
Direction: Neutral to Bullish / Cautious
The RBA left rates unchanged but upgraded its inflation forecast, signaling no imminent cuts. This triggered a short-covering rally from the 0.6550 support zone. However, the larger downtrend remains intact as long as price trades below the 200-period moving average on the 4-hour chart.
Resistance: 0.6620, 0.6660
Support: 0.6550, 0.6510
Strategy: A bullish reaction but not yet a reversal. Aggressive traders can buy dips near 0.6560 with a tight stop below 0.6530, targeting 0.6620. Conservative traders should wait for a daily close above 0.6660 to confirm trend change.
3. GBPJPY: Buyers Defend 199.00 Again
Current Price: 199.35
Direction: Bullish / Dip Buying
The cross rebounded firmly from the 198.80 zone overnight. The weekly chart displays a sequence of higher lows, a classic uptrend signal. With the BoE expected to hold rates through summer while the BoJ remains ultra-loose, the carry trade appeal persists.
Resistance: 200.35, 201.00
Support: 198.80, 198.00
Strategy: The support at 198.80 has been tested three times and held each time. Look to enter long near 199.00 with a stop below 198.60. A break above 200.35 would accelerate towards 201.50. Avoid shorting this pair until a clear reversal pattern emerges on the daily chart.
4. XAUUSD: Bear Flag on 4-Hour Suggests More Downside
Current Price: 4,298
Direction: Bearish
Gold broke below the $4,300 psychological level during Asian trading. The 4-hour chart reveals a bear flag continuation pattern after last week‘s plunge. Rising real yields and a strong dollar remain powerful headwinds. The $4,380 level now acts as formidable resistance.
Resistance: 4,330, 4,380
Support: 4,250, 4,200
Strategy: Maintain a sell-on-rally approach. Wait for pullbacks to the 4,330-4,350 region for optimal short entries. The measured move target of the bear flag points toward $4,200. Only a daily close back above $4,400 would force a reassessment. The RSI on the 4-hour chart remains below 40, confirming bearish momentum.
5. US500 (S&P 500): Holding Above Key Moving Averages
Current Price: 5,345
Direction: Bullish / Buy Dips
Despite higher yields, equity markets shrugged off the NFP hangover. The S&P 500 holds comfortably above its 50-day and 200-day moving averages. The daily chart shows a bull flag formation since mid-May. Tech strength (NVDA, MSFT) continues to provide underlying support ahead of this week’s CPI report.
Resistance: 5,380 (Recent high), 5,420
Support: 5,310, 5,280
Strategy: Favor dip buying. Look for bids near the 5,310-5,320 zone where the 20-period EMA resides on the 4-hour chart. A stop below 5,280 is recommended. A breakout above 5,380 would open the door for a test of 5,450. Caution is advised before Wednesday‘s inflation data.
Reference:
Price data and technical structures derived from Bloomberg Terminal, TradingView real-time feeds, and economic calendars from ForexFactory as of June 9, 2026, 08:00 GMT.