|

AUD/JPY Price Analysis: Renews seven-year high above 90.00 amid overbought RSI

  • AUD/JPY remains on the front foot for the seventh consecutive day while poking December 2015 top.
  • Overbought RSI may trigger pullback moves but yearly support line defends bulls.
  • Further upside has a bumpy road before hitting the ascending trend line from late 2019.

AUD/JPY rises to the fresh high in seven years during the one-week uptrend to Wednesday’s Asian session. That said, the quote rose to 90.66 while renewing the multi-day top, taking rounds to 90.50 by the press time.

Sustained trading beyond the one-year-old resistance line keeps AUD/JPY bulls hopeful inside a 27-month-old rising wedge bearish chart formation. However, overbought RSI conditions signal the quote’s pullback moves.

As a result, the 90.00 threshold gains the market’s attention before the early 2018 peak surrounding 89.00.

However, AUD/JPY bears remain cautious unless witnessing a daily closing below the aforementioned resistance-turned-support from March 2021, around 86.75 at the latest.

On the flip side, the December 2015 high of 90.72 and the 91.00 threshold challenges the immediate upside of the AUD/JPY prices.

Following that, the aforementioned wedge’s resistance line near 92.75 will be in focus.

AUD/JPY: Daily chart

Trend: Pullback expected

Additional important levels

Overview
Today last price90.41
Today Daily Change0.19
Today Daily Change %0.21%
Today daily open90.22
 
Trends
Daily SMA2085.26
Daily SMA5083.44
Daily SMA10082.93
Daily SMA20082.4
 
Levels
Previous Daily High90.27
Previous Daily Low88.3
Previous Weekly High88.39
Previous Weekly Low84.6
Previous Monthly High83.99
Previous Monthly Low80.91
Daily Fibonacci 38.2%89.52
Daily Fibonacci 61.8%89.06
Daily Pivot Point S188.92
Daily Pivot Point S287.63
Daily Pivot Point S386.96
Daily Pivot Point R190.89
Daily Pivot Point R291.56
Daily Pivot Point R392.86

Author

Anil Panchal

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

More from Anil Panchal
Share:

Editor's Picks

AUD/USD stays weak above 0.6900 after China’s trade data

AUD/USD struggles to capitalize on the previous day’s recovery and stays defensive on the 0.6900 level following the narrowing of trade surplus in China. Increased December Fed rate hike bets allows the US Dollar to pause its decline and weigh on the pair. US CPI data is next of note for the major.

USD/JPY retakes 158.00 on weak Japanese data; focus shifts to US CPI

USD/JPY attracts some dip-buyers and retakes 158.00 in the Asian session on Tuesday as a fall in Japan’s Household Spending offsets hawkish BoJ Summary of Opinions, undermining the Japanese Yen. Moreover, Fed hike bets support the safe-haven US Dollar and the currency pair. The market focus now shifts to the release of the crucial US CPI report.

Gold slides below $4,100 as Fed hike bets exert pressure ahead of US CPI

Gold extends its intraday descent and slides below the $4,100 mark, reversing a major part of the previous day's strong gains to the $4,150 resistance. Firming US Federal Reserve rate-hike expectations turn out to be a key factor driving flows away from the non-yielding bullion. Meanwhile, the US Dollar struggles to lure buyers amid mixed signals regarding the state of diplomatic talks between the US and Iran. This could offer some support to the commodity as traders seem hesitant ahead of US consumer inflation figures.

Pi Network rebounds from record lows, exits oversold territory as momentum improves

Pi Network (PI) shows a strong recovery on Tuesday, up over 7% after recording its all-time low of $0.0624 the previous day. PI token’s appeal in the derivatives market shows minor improvement, with Open Interest rising to $6.21 million.

US CPI data set to ease in October as markets reassess Fed rate hike expectations

The US Bureau of Labor Statistics will publish the October Consumer Price Index data on Tuesday, a release that could influence the US Dollar valuation as investors reassess the Federal Reserve’s interest-rate outlook. The report won’t include 12-month percentage changes for most CPI series in this release, due to missing October 2025 monthly data because of the lack of collection during the government shutdown from October 1, 2025, to November 12, 2025.

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds
Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.