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 2096.49 and closed Friday at 2010.91, dropping 85 dollars or 4.1% across five sessions. The asset traded as high as 2138.83 early in the week before sellers took control, pushing price to a Wednesday low of 1963.73.
With no major crypto-specific events on the calendar this week, ETHUSD traders face a purely technical landscape. The asset closed Friday just above the psychological 2000 level after testing and holding 1963 support mid-week.
The absence of scheduled catalysts means price action will likely respond to broader risk sentiment and any unexpected crypto headlines. Bitcoin movements often set the tone for altcoins, making BTC price action a key input for ETHUSD direction.
If ETHUSD holds above 2000 early in the week, the immediate resistance sits at 2042.87, last Thursday's recovery high. A clean break there would bring 2094, the midpoint of last week's range, back into focus. Should 2000 fail to hold, the 1963.73 Wednesday low becomes the obvious downside target, with a break below potentially opening the door to 1900.
Current positioning shows 61.2% of traders are long versus 38.8% short as of Monday morning. This moderate long skew suggests traders are betting on a bounce from the 2000 area, though the imbalance isn't extreme enough to signal overcrowding on either side.
Three levels define the immediate trading range: 2000 as psychological support, 2042.87 as near-term resistance from Thursday's high, and 1963.73 as the key downside level from Wednesday's low. These are reference points for gauging momentum, not entry signals. Open an LHFX account to trade ETHUSD as these levels come into play this week.
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.
