AUD/JPY Price Forecast: Reaches fresh record highs above 114.00
- AUD/JPY reached an all-time high of 114.20 on Thursday.
- The 14-day Relative Strength Index is hovering just above 70.00, indicating overbought conditions.
- Primary support lies at the nine-day EMA of 112.76.
AUD/JPY continues its winning streak that began on April 6, trading around 114.10 during the European hours on Thursday. The technical analysis of the daily chart suggests a bullish bias as the currency cross moves upwards within the ascending channel pattern.
The AUD/JPY cross holds a firm bullish bias as price extends above both the nine-period and 50-period Exponential Moving Averages (EMAs). The 14-day Relative Strength Index is hovering just above 70.00, signaling overbought conditions, hinting that upside momentum is strong but increasingly stretched.
On the upside, the AUD/JPY cross remains close to a fresh all-time high of 114.20, reached during earlier hours, followed by the upper boundary of the ascending channel around 114.70.
The primary support lies at the nine-day EMA of 112.76, followed by the lower boundary of the ascending channel around 111.70. Further declines below the channel would expose the 50-day EMA at 110.61. A break below the medium-term average would put downward pressure on the AUD/JPY cross to navigate the region around a nearly two-month low of 108.79.
(The technical analysis of this story was written with the help of an AI tool.)
Australian Dollar Price Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.15% | 0.07% | 0.03% | -0.06% | -0.03% | 0.33% | 0.12% | |
| EUR | -0.15% | -0.09% | -0.11% | -0.21% | -0.18% | 0.15% | -0.03% | |
| GBP | -0.07% | 0.09% | -0.02% | -0.14% | -0.10% | 0.23% | 0.04% | |
| JPY | -0.03% | 0.11% | 0.02% | -0.11% | -0.05% | 0.23% | 0.08% | |
| CAD | 0.06% | 0.21% | 0.14% | 0.11% | 0.05% | 0.37% | 0.19% | |
| AUD | 0.03% | 0.18% | 0.10% | 0.05% | -0.05% | 0.32% | 0.16% | |
| NZD | -0.33% | -0.15% | -0.23% | -0.23% | -0.37% | -0.32% | -0.19% | |
| CHF | -0.12% | 0.03% | -0.04% | -0.08% | -0.19% | -0.16% | 0.19% |
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).
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.
