Market Analysis
XAGUSD week ahead: silver holds gains, what to watch 2026-08-10
Silver closed last week at 63.516 after a sharp run higher, and this week is about whether that momentum holds against a stretched long position.
2 min readAUDUSD last printed 0.69875 into Wednesday, up about 46 pips from Monday's open at 0.69415. The pair carved a low of 0.69123 on Tuesday and a high of 0.69923 this session, so the range for the week so far spans roughly 80 pips. The tone has firmed since the soft Monday close at 0.69189.
The lift came off Tuesday's session, where AUDUSD rallied from 0.6919 to close at 0.69757. Wednesday's PBOC USD/CNY mid-point came in stronger for the yuan than the Reuters estimate, and that firmer yuan signal has kept a bid under China-linked currencies. The Aussie tracks that fix closely, and the stronger reference has supported the move back toward 0.6990.
The calendar for Thursday and Friday is thin on scheduled high-impact prints, so the daily PBOC fix stays the pivot. If the yuan reference rate is set firmer again, AUDUSD has room to press the 0.69923 week high. If the fix softens, the Tuesday base near 0.69123 comes back into view as a test of this week's gains.
As of Wednesday, sentiment reads 46.5 percent long against 53.5 percent short. The skew leans against the current bounce, meaning most positioned traders are fading the move higher. That short-heavy consensus can add fuel if price keeps grinding up and those positions get squeezed.
The 0.69923 high is the line AUDUSD is fighting at right now, with the round 0.7000 handle just above it. If price holds above Tuesday's close near 0.69757 and clears 0.69923, 0.7000 becomes the obvious next reference. If it slips back under 0.69757, the pair drifts toward the mid-0.6910s low. Traders watching dollar direction can compare the setup against EUR/USD, and you can track both live on your LHFX account.
Byline: LHFX Research
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