AUD/JPY Price Forecast: Falls toward 111.00 near lower ascending channel boundary
- AUD/JPY tests the immediate support at the lower ascending channel boundary around 110.60.
- The 14-day Relative Strength Index at 50 signals balanced conditions after easing from prior overbought levels.
- The currency cross may find an initial barrier at the nine-day EMA of 111.69.
AUD/JPY extends its losses for the second successive session, trading around 111.00 during the early European hours on Tuesday. The technical analysis of the daily chart suggests a potential bearish reversal as the currency cross is testing the lower boundary of the ascending channel pattern.
However, the near-term bias is neutral with a slight bullish tilt as price consolidates above the rising 50-day Exponential Moving Average (EMA), preserving the broader uptrend structure despite the recent pullback from the 113.00 area. The nine-day EMA has flattened just above the spot, reflecting stalled upside momentum rather than a clear reversal.
The 14-day Relative Strength Index (RSI) at 50 signals balanced conditions after unwinding from overbought readings above 70 seen earlier this month, which aligns with a pause phase within an established advance rather than aggressive selling pressure.
The AUD/JPY cross may rebound toward the potential level of 111.50, followed by the nine-day EMA at 111.69. A break above the latter would improve the short-term price momentum and support the currency cross to approach the all-time high of 113.96, which was reached on March 11.
On the downside, the immediate support lies at the lower ascending channel boundary around 110.60, followed by the 50-day EMA at 109.60. Further declines would weaken the medium-term momentum and expose the psychological support at the 108.00 level.
(The technical analysis of this story was written with the help of an AI tool.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | 0.08% | 0.08% | 0.10% | 0.33% | 0.17% | 0.08% | |
| EUR | -0.08% | -0.03% | 0.04% | 0.02% | 0.25% | 0.10% | 0.00% | |
| GBP | -0.08% | 0.03% | 0.06% | 0.06% | 0.28% | 0.12% | 0.03% | |
| JPY | -0.08% | -0.04% | -0.06% | 0.01% | 0.24% | 0.08% | -0.01% | |
| CAD | -0.10% | -0.02% | -0.06% | -0.01% | 0.22% | 0.06% | -0.02% | |
| AUD | -0.33% | -0.25% | -0.28% | -0.24% | -0.22% | -0.15% | -0.27% | |
| NZD | -0.17% | -0.10% | -0.12% | -0.08% | -0.06% | 0.15% | -0.09% | |
| CHF | -0.08% | 0.00% | -0.03% | 0.01% | 0.02% | 0.27% | 0.09% |
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 Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Author
Akhtar Faruqui
FXStreet
Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.
