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 readThe index opened Monday at 29766.37 and closed Friday at 30317.92, a gain of 551.55 points or 1.85%. The move higher came on steady volume averaging 229,000 contracts per day.
With no economic events scheduled for the week of June 1st, NAS100 trading will focus entirely on technical levels and momentum. The absence of data releases shifts attention to whether the index can hold above the psychological 30,000 level it reclaimed last week.
Without central bank meetings or economic prints to drive volatility, you'll see price action respond more directly to support and resistance levels. Any headlines from individual tech giants could still move the index, but the baseline expectation is a technically-driven week.
If NAS100 maintains above 30,300 in early trading, the next obvious resistance sits near last week's high at 30465.98. A clear break above that level would put the index in uncharted territory. If selling emerges and price drops below 30,000, the prior week's low at 29670.71 becomes the key support to watch.
LHFX client positioning shows 54.9% of traders are long and 45.1% are short as of Sunday morning. This modest long bias reflects cautious optimism after last week's gains, with traders not overwhelmingly committed to either direction heading into a data-light week.
The round number at 30,000 stands out as the week's pivot point after being tested multiple times last week. Above the market, 30,466 marks the recent high and first resistance. Below, 29,695 represents last week's low and would signal a failed breakout if retested. These are reference levels for context, not entry signals. Open an LHFX account to trade NAS100 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.
