XCUUSD (Copper) 4H Chart Analysis – Shavyfxhub Strategy
+ Current Bond Yield, Interest Rate & DXY
Current Price: ≈ 6.80
Market Structure (Shavyfxhub Style)
Copper is trading inside a clear ascending channel.
Multiple touch points on the lower red ascending trendline show consistent demand.
Price recently broke above the horizontal green resistance near 6.70 and is now testing the upper part of the channel.
A Double Confluence zone is marked around the mid-channel (previous support/resistance flip).
Projected path on the chart shows potential continuation higher toward the upper channel boundary near 7.00+, with possible pullbacks along the way.
Key Levels:
Supply / Resistance
Upper channel boundary (currently near 7.00 – 7.10)
Horizontal resistance around 6.70 (now acting as support after the break)
Demand / Support
Horizontal demand zones around 6.50 and 6.35–6.30
Double Confluence area in the middle of the channel
Current Bias:
Bullish as long as price holds above the rising channel support and the 6.70 zone. The structure favors continuation higher within the ascending channel.
Current Macro Data (5 Aug 2026)
Indicator,Current Level,Impact on Copper
DXY (Dollar Index),≈ 99.65 – 99.70,Soft dollar → Supportive for copper
US 10Y Treasury Yield,≈ 4.61% – 4.63%,Slightly lower → Mildly supportive
Fed Funds Rate,3.50% – 3.75%,Unchanged (restrictive but stable)
The softer dollar and modestly lower yields are currently providing a supportive backdrop for industrial metals like copper.
Summary (Shavyfxhub View)
Structure = Clean ascending channel with multiple demand confirmations
Immediate focus = Hold above 6.70 and the rising trendline
Upside targets = Upper channel boundary near 7.00 – 7.10
Macro = Soft DXY + stable-to-lower yields are helping the bullish technical structure
Price remains in a healthy uptrend. As long as the ascending channel support holds, the bias stays bullish toward higher levels.