AUD/JPY Price Forecast: Extends rally, eyes break above 95.00

Source Fxstreet
  • AUD/JPY advances for fifth straight day, up 0.04% in early Asia.
  • Pair tests descending trendline from 2024 highs, aided by bullish RSI.
  • Break above 95.00 targets 95.63 and February high of 97.32.
  • Support seen at 94.00, with key levels at 93.46 (Senkou Span B) and 93.29 (Tenkan-sen).

The AUD/JPY advances for the fifth straight trading session, up by a modest 0.04% as Wednesday’s Asian session begins. On Tuesday, the pair bounced off daily lows of 93.88 and posted gains of over 0.33%, closing the day near the actual price at 94.50, fueled by an improvement in risk appetite, as US-China talks extended for another day.

AUD/JPY Price Forecast: Technical outlook

AUD/JPY appears to be testing a downslope resistance trendline drawn from the November 2024 highs, which intersects the May 13 high of 95.63, and buyers seem poised to clear it. It should be noted that the Relative Strength Index (RSI) is bullish and trending upward, indicating that buyers are gaining momentum.

If bulls clear the 95.00 figure, the next area of interest would be the May 13 peak ahead of 96.00. A breach of the latter will expose the February 12 high of 97.32, followed by the 98.00 mark.

On the contrary, a drop below 94.00 exposes the Senkou Span B at 93.46, followed by the Tenkan-sen at 93.29 ahead of 93.00.

AUD/JPY Price Chart – Daily


Australian Dollar PRICE This week

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies this week. Australian Dollar was the strongest against the British Pound.

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 percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Consolidates—Is a Downside Correction on the Horizon?Bitcoin price is consolidating gains below the $118,000 resistance. BTC could start a downside correction if it breaks the $116,200 support zone. Bitcoin started a fresh decline after it failed to
Author  NewsBTC
23 hours ago
Bitcoin price is consolidating gains below the $118,000 resistance. BTC could start a downside correction if it breaks the $116,200 support zone. Bitcoin started a fresh decline after it failed to
placeholder
Jupiter Price Forecast: JUP eyes further gains amid record high TVL, $150M DeFi lending boostJupiter (JUP) edges higher by over 7% at press time on Tuesday, extending the uptrend for the fourth consecutive day. The momentum grows as Jupiter announces a $150 million USDC allocation to its Jupiter Liquidity Provider (JLP) loans, aiming to boost its Decentralized Finance (DeFi) lending. 
Author  FXStreet
23 hours ago
Jupiter (JUP) edges higher by over 7% at press time on Tuesday, extending the uptrend for the fourth consecutive day. The momentum grows as Jupiter announces a $150 million USDC allocation to its Jupiter Liquidity Provider (JLP) loans, aiming to boost its Decentralized Finance (DeFi) lending. 
placeholder
Gold price remains below $3,400, potential upside on trade-related anxietyGold price (XAU/USD) edges lower on Tuesday after two days of gains. However, the price of the safe-haven metal may appreciate due to prevailing uncertainty ahead of US President Donald Trump's August 1 tariff deadline.
Author  FXStreet
23 hours ago
Gold price (XAU/USD) edges lower on Tuesday after two days of gains. However, the price of the safe-haven metal may appreciate due to prevailing uncertainty ahead of US President Donald Trump's August 1 tariff deadline.
placeholder
Bitcoin Reserves On Exchanges Hit Highest Level Since June 25 – Is BTC In Danger?As Bitcoin (BTC) continues to hover in the high $110,000 range, on-chain data suggests that a short-term price pullback may be imminent. That said, the broader market structure remains firmly
Author  NewsBTC
23 hours ago
As Bitcoin (BTC) continues to hover in the high $110,000 range, on-chain data suggests that a short-term price pullback may be imminent. That said, the broader market structure remains firmly
placeholder
Ethereum Price Momentum Explodes—Is the Path to $4K Wide Open?Ethereum price started a fresh increase above the $3,750 zone. ETH is now showing bullish signs and might continue to rise toward the $3,950 zone. Ethereum started a fresh increase above the $3,750
Author  NewsBTC
23 hours ago
Ethereum price started a fresh increase above the $3,750 zone. ETH is now showing bullish signs and might continue to rise toward the $3,950 zone. Ethereum started a fresh increase above the $3,750
Related Instrument
goTop
quote