The AUD/JPY pair experienced a volatile trading session, initially climbing towards 94.00 before reversing and retreating back near 93.00. This price action highlights continued uncertainty in the market, with sellers stepping in at higher levels to cap bullish attempts. Despite the intraday fluctuations, the pair remains near multi-month lows, suggesting that bearish sentiment still lingers.
From a technical standpoint, the Relative Strength Index (RSI) remains in a near-oversold zone, reflecting weak upside momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram prints flat red bars, signaling a pause in selling pressure but no decisive shift toward bullish control.
Looking ahead, the pair is currently testing support around 93.00, a key level that has held so far. A break below this area could intensify losses, exposing 92.50 as the next downside target. On the upside, resistance at 94.00 continues to limit bullish advances. A decisive push above this level could encourage buyers and open the door toward 94.50.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.