Market Analysis
US30 week ahead: what to watch as trading opens 2026-08-03
US30 closed last week at 52424 after a midweek dip and recovery, with a modest long skew heading into the new week.
3 min readUSDCHF opened Monday at 0.81625 and closed Friday at 0.80716, a net decline of roughly 91 pips on the week. The damage was concentrated on Wednesday and Thursday, when price sliced from a 0.82064 high down to a 0.80385 low as dollar selling accelerated. Volume built through those two sessions, confirming the move rather than fading it.
The economic calendar in this bundle carries no scheduled high-impact events for USDCHF, so the story is momentum and follow-through from last week's break. Price spent Friday trying to stabilise above 0.80537 after the Thursday flush, and that recovery attempt is the reference point traders carry into Monday. Watch whether the Friday close near 0.80716 holds as a base or gives way early.
The dollar tone is the secondary theme. Headlines over the weekend flagged US intervention chatter around USD/JPY and a firmer PBOC fixing on USD/CNY, both signs of a market watching the greenback closely. That backdrop can spill into franc pricing even without a franc-specific catalyst.
If USDCHF reclaims and holds above last week's 0.81287 Friday high early in the week, the next obvious reference is the 0.81743 area where Thursday's supply first appeared. Above that, the 0.82064 weekly high comes back into view. If broad dollar weakness continues, a rejection near 0.81287 puts the 0.80537 Friday low back in play, and a break below it exposes the 0.80385 weekly low. A correlated dollar move can show up first in pairs like EUR/USD, so keep that on the same screen.
Sentiment on the LHFX book shows 54.1 percent long and 45.9 percent short as of the start of the week. That is a mild long skew after a week that fell almost 100 pips. It suggests part of the book is leaning against the decline, expecting a bounce. A crowded long side into a downtrend can add fuel if stops below the Friday low get triggered.
The upside references are the 0.81287 Friday high and the 0.81743 Thursday shelf, with the 0.82064 weekly high above. On the downside, the 0.80537 Friday low and the 0.80385 weekly low mark the zone that failed to break further last week. These are reference levels drawn from last week's range, not entry signals. Open an LHFX account to trade USDCHF this week if you want to act on how these levels resolve. Open an LHFX account to get set up.
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.
