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 opened Monday at 0.7045 and closed Friday at 0.70645, a net gain of about 19 pips on the week. The path was not straight. Price dipped to 0.69834 early Monday, then built higher through midweek to tag 0.70642 on Wednesday. Thursday gave back some ground to 0.70326 before Friday pushed to the weekly high of 0.70773 and settled just below it.
The economic calendar in this bundle carries no scheduled high-impact releases for the five sessions starting Monday 2026-08-10, so price action is likely to take its cues from broader dollar flow and cross-market moves rather than a single Australian data print. That puts the burden on how the greenback trades after last week's payrolls swings.
Two headlines frame the backdrop. USD/JPY has erased its non-farm payrolls drop, a sign the dollar found bidders into the weekend. Separately, the PBOC is set to fix the yuan reference rate, and that fix often colours sentiment across the commodity-linked currencies including the Australian dollar. Watch both as read-throughs for AUDUSD direction. Open an LHFX account to trade AUDUSD this week.
If the dollar extends its post-payrolls firmness and USD/JPY holds its recovery, AUDUSD may struggle to clear last week's high, and a rejection there puts the Thursday area back in focus. If instead the dollar softens and a firmer yuan fix supports the commodity bloc, a clean break above the prior weekly high opens room toward the next round number. A correlated move in EUR/USD can confirm whether any dollar shift is broad or isolated to the Aussie.
Positioning sits at 46.4% long against 53.6% short. The skew leans to the short side, so consensus is tilted toward further downside even after last week's recovery. That kind of crowded short can cut both ways: it reflects bearish conviction, but it also leaves fuel for a squeeze if price pushes through last week's high.
The Friday high at 0.70773 is the first reference overhead, with the round 0.7100 level sitting above it as the next obvious marker. On the downside, the Monday low at 0.69834 defines last week's floor, and the 0.7000 handle sits between current price and that low. These are reference levels, not entry signals.
Byline: LHFX Research
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