Market Analysis
GER30 midweek: index down 2.5% from 26501 open, 2026-08-31
GER30 sits at 25827.9 midweek, down 673.4 points from Monday's open, with longs holding 61.7% of positioning into a two-day slide.
3 min readAUDUSD opened the week at 0.69936 and closed at 0.70298. The week's high printed at 0.70328 on Thursday, and the low reached 0.69218 on Wednesday. That is a net gain of about 36 pips, or roughly 0.5 percent, but the path there was far from straight. Price fell for three sessions before staging a sharp reversal.
The turn came on Thursday, 30 July. AUDUSD rose more than 1 percent on the day, part of a broad move that also lifted the New Zealand dollar by over 1 percent. The single candle from Wednesday's 0.69583 close to Thursday's 0.70241 close accounts for almost the entire weekly range.
Much of the driver sat on the US dollar side rather than the Australian side. USD/JPY moved sharply lower on speculation of Bank of Japan intervention before extending a rebound above 160, and USD/CAD traded to a fresh multi-week low. The Aussie caught the same broad dollar softening, and traders looking for a contrast can see the same theme play out in EUR/USD.
The bundle carries no scheduled high-impact events for the upcoming week. With the calendar light, price action is more likely to follow dollar flows and risk sentiment than a single data print. Watch how the US dollar trades against the yen and the Canadian dollar, since those moves led the Aussie's reversal this week. If broad dollar weakness continues, the Aussie tends to hold recent gains. If the dollar firms, the late-week rally is the first thing at risk.
Current positioning shows 46.4 percent long and 53.6 percent short. The book leans short, which means consensus was still fading the rally even as price pushed to the weekly high. A crowded short into a rising market can add fuel if those positions are forced to cover, though it can also cap upside if sellers keep defending higher levels.
The weekly high at 0.70328 is the obvious upside marker. If price closes above it, the round 0.7050 area comes into focus. On the downside, Thursday's breakout base near 0.69586 is the first reference. If that gives way, the Wednesday low at 0.69218 is back in play. A close back under 0.70000 would return the pair to the range it broke out of.
If you want to track these levels as the new week opens, you can follow AUDUSD on our LHFX platform.
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.
