Market Analysis
XRPUSD midweek: rebound to 1.0806 after Monday selloff, week of 2026-07-27
XRPUSD sits at 1.0806 midweek, clawing back Monday's drop with no scheduled events left to steer the back half of the week.
3 min readAUDUSD trades at 0.69551 as of Wednesday's close, down from Monday's open of 0.69936. That is a slide of roughly 39 pips week to date. The high so far this week is 0.70108, set Monday, and the low is 0.69368, printed Wednesday. Price has drifted lower in each of the three sessions.
Australian CPI m/m landed Wednesday at 01:30. The forecast was 0.2 percent against a previous reading of minus 0.7 percent, with headline CPI y/y expected to hold at 4.0 percent and Trimmed Mean CPI m/m seen at 0.3 percent versus 0.4 percent prior. The Aussie failed to hold its Monday high after the release and worked down toward the 0.69368 area, so the print did little to reward buyers.
The FOMC decision is the main event left this week, landing Wednesday at 18:00 with the Federal Funds Rate seen unchanged at 3.75 percent, followed by the statement and a 18:30 press conference. If the tone reads hawkish and the dollar firms, AUDUSD could stay pinned near this week's low. If the Fed leans dovish, the pair has room to reclaim the 0.69758 area. Thursday brings the US Advance GDP q/q, forecast at 2.1 percent, and Core PCE Price Index m/m at 0.2 percent, both at 12:30, which shape how far any post FOMC move extends. A softer set of US numbers would ease pressure on the Aussie, while stronger data keeps the dollar bid. The move contrasts with EUR/USD, which faces its own European inflation slate later in the week.
As of Wednesday, retail positioning shows 46.4 percent long and 53.6 percent short. The skew leans short, which lines up with the week's directional drift lower. It also means consensus is already positioned for more downside heading into the FOMC decision, so a dovish surprise would catch the crowd offside.
The line in focus is this week's low at 0.69368. If sellers press through it after the FOMC statement, the next reference lower opens up beneath that figure. If price defends 0.69368 and reclaims 0.69758, the Monday high at 0.70108 becomes the level bulls have to clear. You can watch how price reacts around these levels through the decision on your LHFX platform and open an account to track the pair into Thursday's US data.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
