Market news
04.03.2025, 20:59

AUD/JPY Price Analysis: Sellers hit a wall after fresh multi-month lows

  • AUD/JPY extended its decline ahead of the Asian session, trading near the 92.00 zone after a sharp drop.
  • The pair fell to its lowest level since August 2024 but rebounded as sellers struggled to push further.
  • Immediate resistance aligns near 92.60, while support remains at the recent low; indicators suggest possible consolidation.

AUD/JPY experienced a sharp drop on Tuesday, reaching its lowest level since August 2024 before bouncing back. The pair came under renewed selling pressure ahead of the Asian session but found strong support near the 92.00 region, leading to a mild recovery. Despite the brief bounce, bearish sentiment persists, with technical indicators still favoring downside risks.

The Relative Strength Index (RSI) continues to decline sharply within oversold territory, suggesting that sellers have dominated recent price action. Meanwhile, the Moving Average Convergence Divergence (MACD) prints decreasing red bars, signaling that selling momentum may be losing intensity. The latest price reaction hints at a possible consolidation phase, as sellers struggle to push lower.

Looking at support and resistance levels, immediate resistance stands near 92.60, followed by the 93.00 zone, which aligns with previous daily highs. On the downside, the recent low near 92.00 remains key support; a decisive break below this level could open the door for further losses. However, if consolidation takes hold, the pair may trade within a narrow range before its next directional move.

AUD/JPY daily chart

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Feedback
Live Chat E-mail
Up
Choose your language / location
Click Subscribe to receive notifications about promotions and bonuses