- The AUD/JPY advances for the fifth consecutive day, rising 0.04% in the first part of Asia.
- The torque proves a line of descending tendency from the maximum of 2024, supported by a bullish RSI.
- A rupture above 95.00 points to 95.63 and to the maximum of February 97.32.
- Support seen in 94.00, with key levels in 93.46 (Senkou Span B) and 93.29 (Tenkan-Sen).
The AUD/JPY advances through the fifth consecutive trading session, raising a modest 0.04% at the beginning of Wednesday’s Asian session. On Tuesday, the pair bounced from a minimum daily of 93.88 and recorded profits of more than 0.33%, closing the day near the current price at 94.50, driven by an improvement in the appetite for risk, since the conversations between the USA. And China extended for one more day.
Aud/JPY price forecast: technical perspective
The AUD/JPY seems to be testing a line of descending resistance trend from November 2024, which intersects the maximum of May 13, 95.63, and buyers seem ready to overcome it. It should be noted that the relative force index (RSI) is bullish and is in ascending trend, indicating that buyers are gaining impulse.
If the bulls exceed the figure of 95.00, the following area of ​​interest would be the peak of May 13 before 96.00. A rupture of this last will expose the maximum of February 12, 97.32, followed by the level of 98.00.
On the contrary, a fall below 94.00 will expose Senkou Span B in 93.46, followed by Tenkan-sen in 93.29 before 93.00.
AUD/JPY – DIARY PRICE GRAPH
Australian dollar price this week
The lower table shows the rate of change of the Australian dollar (AUD) compared to the main currencies this week. Australian dollar was the strongest currency against pound sterling.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.28% | 0.19% | 0.00% | -0.16% | -0.42% | -0.56% | 0.11% | |
| EUR | 0.28% | 0.45% | 0.26% | 0.11% | -0.12% | -0.30% | 0.37% | |
| GBP | -0.19% | -0.45% | -0.12% | -0.35% | -0.56% | -0.75% | -0.08% | |
| JPY | 0.00% | -0.26% | 0.12% | -0.15% | -0.47% | -0.62% | -0.01% | |
| CAD | 0.16% | -0.11% | 0.35% | 0.15% | -0.28% | -0.41% | 0.27% | |
| Aud | 0.42% | 0.12% | 0.56% | 0.47% | 0.28% | -0.18% | 0.50% | |
| NZD | 0.56% | 0.30% | 0.75% | 0.62% | 0.41% | 0.18% | 0.68% | |
| CHF | -0.11% | -0.37% | 0.08% | 0.00% | -0.27% | -0.50% | -0.68% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Australian dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the Aud (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
