Market Analysis
XRPUSD week ahead: what to watch after choppy 2026-07-20
XRPUSD closed last week near 1.0864 after a mid-week rejection from 1.1272, and a thin macro calendar leaves price action and positioning in charge this week.
3 min readAUDUSD opened Monday at 0.69415 and closed Friday at 0.69814, a net gain of roughly 40 pips on the week. The bulk of that came Tuesday and Wednesday, when price ran from a 0.69123 low to a 0.70208 high before fading into the back half of the week. The pair spent Thursday and Friday leaking lower off the 0.70 handle, giving back part of the advance.
The economic calendar for this asset is light in the bundle, so the dominant theme is China policy signalling through the PBOC daily yuan fix. A firmer USD/CNY fix tends to pressure the Australian dollar given the trade link, so the direction of that fix is the first thing to track each session.
Beyond the fix, the story is whether the 0.70 area caps price again after last week's rejection. With no high-impact domestic prints in the bundle, dollar flows and risk tone carry the week. Open an LHFX account to trade AUDUSD this week if you want exposure to these moves.
If the PBOC keeps fixing USD/CNY firmer than estimate, the yuan drag can keep AUDUSD pinned below the 0.70 handle, and the prior consolidation toward 0.69656 comes back into focus. If the fix softens and risk appetite holds, a reclaim of 0.70072, last Wednesday's close, opens the door back toward the 0.70208 high. The move often echoes across other majors, so watch EUR/USD for confirmation of a broad dollar direction rather than an AUD-specific story.
Sentiment on the pair sits at 46.5 percent long against 53.5 percent short. That is a modest short skew, meaning consensus leans toward more downside after the fade from 0.70208. A crowded short book can cut both ways. It fits the Thursday and Friday drift, but it also leaves room for a squeeze if the yuan fix softens and price reclaims the 0.70 handle.
Last week's high at 0.70208 and the round 0.70000 level mark the upper reference band. On the downside, the Friday low near 0.69656 and the earlier 0.69123 low from Tuesday give the lower reference points. These are reference levels for framing scenarios, not entry signals. A clean hold above 0.70000 changes the tone versus a rejection that sends price back toward 0.69656.
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.
