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 readUSDCAD opened Monday at 1.41632 and closed Friday at 1.40177, a drop of roughly 146 pips, or about 1.03 percent on the week. The bulk of the damage came on Tuesday, when price broke from 1.41490 down to 1.40515 in a single session, and the pair spent the rest of the week grinding lower without a meaningful bounce.
The economic calendar for the five sessions starting 2026-07-20 is empty of scheduled high-impact releases in this bundle. That puts the focus on price behaviour and cross-market flow rather than a single headline print. With no forecast events on the docket, momentum from last week's decline is the reference point traders carry into the open.
The near-term backdrop leans on external drivers. A firmer set of USD reference fixes out of Asia can ripple through commodity-linked currencies, and the Canadian dollar tends to track broad dollar sentiment when the local calendar is quiet. Watch how USDCAD moves with the wider dollar tone through the week, since that flow is doing the work a calendar event usually would. Open an LHFX account to trade USDCAD this week.
If USDCAD holds below last week's Friday close of 1.40177 early in the week, the next obvious reference is the prior week low near 1.40049. A clean break under that opens room toward the round 1.4000 handle. If instead the pair reclaims 1.40577, last Thursday's high, the recovery path points back toward the 1.40768 area seen mid-week. A broad dollar bid, the kind that shows up across USD pairs and pressures AUD/USD, would tilt USDCAD toward the upper end of last week's range.
Positioning sits at 51.5 percent long and 48.5 percent short as of the Monday open. That is close to balanced with a slight long lean. After a week that moved lower, a modest long skew means retail is leaning against the recent trend rather than with it, which is worth noting when price approaches the levels below.
The levels that framed last week remain the map. On the downside, 1.40049 marks the prior-week low, with 1.4000 as the nearest round number below. On the upside, 1.40577 and 1.40768 stack as the first resistance shelves from last week's trade. These are reference levels for orientation, not entry signals.
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.
