Market Analysis
AUDUSD midweek: 0.70994 after a 22 pip slide, week of 2026-09-21
AUDUSD sits at 0.70994 on Wednesday, down 22 pips from Monday's open, with the week's range capped at 0.71399 and floored at 0.70920.
3 min readSilver closed Tuesday at 74.46, down 83 cents or 1.1% from Monday's 75.54 open. The week's range spans from a high of 76.97 on Tuesday to a low of 74.07 this morning.
The PBOC's aggressive USD/CNY fix has weighed on precious metals. The divergence from market expectations signals Beijing's comfort with yuan weakness, pushing dollar strength across the complex.
Thursday and Friday remain open for unscheduled central bank actions following Japan's verbal intervention when USD/JPY touched 160. If the BOJ moves from words to action, silver could catch a bid on dollar weakness. If global authorities stay quiet, the 74.00 handle comes under renewed pressure.
Long positions hold 62.6% versus 37.4% short as of Wednesday morning. The 25-point skew toward longs shows traders are treating this dip as an opportunity rather than a breakdown, maintaining bullish exposure despite the three-day slide.
Silver is testing 74.50 after bouncing from this morning's 74.07 low. If buyers defend 74.00, Monday's 75.00 close becomes the first hurdle. A break below 74.00 puts Tuesday's 74.26 swing low and then 73.82 from Monday in focus. Trade silver's key levels with LHFX's tight spreads.
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.
