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 closed Wednesday at 65,161, up 1,157 points or 1.8% from Monday's open of 64,004. The week has seen a high of 66,473 on Tuesday and a low of 63,794 on Monday.
Tuesday's surge to 66,221 coincided with BOJ Governor Ueda's speech earlier today. The index gained over 2,000 points from Monday's low before pulling back more than 1,000 points in Wednesday's session to 65,161.
Tokyo Core CPI lands Thursday night at 23:30, expected to hold steady at 1.5% year-over-year. If inflation surprises higher, the index could retest Tuesday's 66,473 peak. US Preliminary GDP also hits Thursday at 12:30, forecast at 2.0% versus the prior 0.7%. A strong US growth print might weigh on risk assets, bringing 64,500 back into focus.
Traders are split nearly evenly with 52.2% long and 47.8% short as of Wednesday morning. This balanced positioning suggests the market is waiting for clearer direction from the upcoming data releases rather than leaning heavily either way.
The index sits between Tuesday's 66,221 close and Wednesday's 65,129 low. If buyers defend 65,000, Tuesday's high at 66,473 becomes the obvious target. A break below 65,000 puts Monday's 63,794 low back in play. Trade JPN225 with LHFX as these key levels get tested Thursday and Friday.
Byline: LHFX Research
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