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 readAs of Wednesday's close, GBPUSD sits at 1.34098. That is up about 24 pips from Monday's open at 1.33858. The week's high so far is 1.34375, set Tuesday, and the low is 1.33418, also printed Tuesday before the pair turned higher. The move has been steady rather than sharp, with each session closing above the last.
There has been no scheduled UK or US release this week to anchor the move. The bundle's headlines centre on the PBOC, which set a firmer than expected USD/CNY mid-point against the Reuters estimate. That reads as mild dollar strength on the day, yet cable held its ground and pushed to 1.34098, which points to sterling doing the work rather than a broad dollar signal.
The back-half calendar is empty. No high-impact events are scheduled Thursday or Friday in this bundle, so price action and headline flow set the tone into the weekend. Watch the PBOC fix pattern for dollar tone. If the fixes keep coming in firmer than estimate, that pressures cable toward the week's low. If they soften, sterling has room to extend the current grind higher.
Sentiment as of Wednesday morning reads 50.1 percent long and 49.9 percent short. That is as flat as it gets. There is no crowd to fade and no conviction to follow. Midweek, the book tells you traders are split, so the next directional cue is likely to come from price breaking a level rather than from positioning tilting one way.
The 1.3400 round number is the pivot. Price closed just above it at 1.34098. If cable holds above 1.3400 into Thursday, Tuesday's 1.34375 high is the next zone in view. If it slips back under 1.3400, the week's low at 1.33418 comes back into focus. A move in either direction can be tracked alongside EUR/USD to gauge whether the dollar or sterling is leading, and you can watch both from your LHFX account.
Byline: LHFX Research
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