Market Analysis
AUDUSD midweek: Aussie reclaims 0.6987 after Monday dip, 2026-07-13
AUDUSD trades at 0.69875 midweek, up roughly 46 pips from Monday's open, with a thin back-half calendar and the daily PBOC fix in focus.
2 min readETHUSD opened Monday at 2127.13 and closed Friday at 2062.61, shedding 64.52 points or 3% for the week. Friday's sharp selloff drove price to a low of 2053.93 before a modest recovery into the close.
The upcoming five sessions feature no scheduled high-impact events for ETHUSD. This leaves price action dependent on broader crypto market sentiment and any unexpected headline developments.
Without specific catalysts on the calendar, traders will focus on whether Friday's support at 2053.93 holds and if buyers step in to defend the psychological 2000 level below. The quiet calendar could mean range-bound conditions or continuation of Friday's momentum.
If ETHUSD holds above Friday's low at 2053.93 early in the week, a recovery toward the 2100-2130 resistance zone becomes possible. This range contained most of last week's price action before Friday's drop.
If sellers push through 2053.93, the round 2000 level becomes the obvious target. A weekly close below 2000 would mark the first time since early April, potentially triggering further technical selling.
LHFX client sentiment shows 61.3% of positions are long versus 38.7% short as of Monday morning. This bullish skew suggests retail traders are viewing Friday's dip as a buying opportunity rather than the start of a larger correction.
The immediate support at 2053.93 from Friday's low is the key level as the week opens. Above, the 2100 round number and last week's high at 2154.54 serve as resistance reference points. These are observation levels for gauging market direction, not entry signals.
Byline: LHFX Research
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