AUD\/JPY is currently exploring levels below 94.50, with the nine-day EMA at 94.45 acting as an initial support point. The currency pair is within an ascending channel, with a potential to approach the five-month high at 95.75.<\/p>\n
The 14-day RSI slightly above the 50 level indicates a bullish trend, although the price movement remains neutral around the nine-day EMA. A break above 95.75 could see the currency testing the psychological level of 96.00.<\/p>\n
Conversely, a decline below the nine-day EMA could target the 50-day EMA at 93.69. Further declines might approach a support level at 93.40, weakening the bullish outlook.<\/p>\n
AUD has shown a decrease against major currencies, being weakest against the Swiss Franc. Percentage changes reveal a 0.36% drop against the US Dollar, a 0.23% decrease against Euro, and a 0.31% reduction against the Swiss Franc. <\/p>\n
The heat map showcases percentage shifts between major currencies, with the base currency from the left column and the quote on the top row. Data includes AUD decreasing 0.23% relative to USD and 0.15% compared to JPY.<\/p>\n
The recent moves in AUD\/JPY reflect a period of hesitation embedded within the broader context of an upward sloping channel. Currently navigating areas just beneath 94.50, the pair appears temporarily held by the nine-day EMA at 94.45, which is providing short-term structural support. The RSI, though subtly perched above 50, lacks follow-through at present, signalling reduced momentum without suggesting an immediate reversal.<\/p>\n
Price interactions around the exponential moving averages should be monitored closely. A sustained break above the upper line of the bullish channel\u2014and notably beyond the five-month high of 95.75\u2014would open the door to challenge the psychologically important handle of 96.00. These levels may serve as magnetic targets if upward pressure intensifies in tandem with a rising RSI.<\/p>\n
However, slips beneath the nine-day moving average warrant attention, particularly if the next technical line\u2014the 50-day EMA at 93.69\u2014cannot contain selling pressure. Should that level give way, the pair could slide toward 93.40, a support point from earlier sessions, which if breached, would likely prompt a reassessment of directional bias. In such a case, any bounce attempts might struggle to regain recent highs.<\/p>\n
The underlying driver behind AUD\u2019s recent pullback is not isolated to this pair alone. Across majors, it\u2019s been underperforming\u2014with a modest 0.36% loss against the US Dollar and 0.31% versus CHF. CHF remains the strongest counterpart, and this is reflected in the cross charts. The 0.15% dip versus JPY in today\u2019s sessions, while relatively muted, aligns with the general picture of headwind for the Aussie.<\/p>\n
Short-term flows and sentiment continue to guide these tactical moves more than macro releases. There’s little room for assumption; actual price confirmation must always underpin position entries. For now, the reward-risk balance shifts favourably only if price action convinces above recent highs. Until then, watching for support breaks and aligning exposure accordingly could limit downside vulnerability.<\/p>\n
In our view, we remain guided by structurally relevant levels\u2014the moving averages and key psychologic lines\u2014as context for options hedging and position durations through to mid-month. Momentum hasn\u2019t given a clear go-ahead. So, with implied volatility anchored and no clear directional impulse, taking clues from each daily close remains our reference point.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" AUD\/JPY hovers near 94.50; bullish momentum depends on support at EMA and RSI strength.<\/p>\n","protected":false},"author":62,"featured_media":16959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-25716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/25716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=25716"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/25716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16959"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=25716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=25716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=25716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}