Key Moments
- AUD/JPY climbed to a record high of 114.20 and was last trading near 114.10 during European hours on Thursday.
- The 14-day Relative Strength Index is sitting just above 70.00, pointing to overbought conditions alongside strong upside momentum.
- Key technical support is identified at the nine-day EMA at 112.76, with deeper levels at the ascending channel floor near 111.70 and the 50-day EMA at 110.61.
Persistent Rally Drives AUD/JPY to New Highs
AUD/JPY pushed to a fresh all-time high of 114.20 on Thursday, extending the winning streak that started on April 6. During European trading hours, the pair was fluctuating around 114.10 as it continued to move higher within an ascending channel on the daily chart.
The broader technical setup on the daily timeframe continues to favor the upside, with price comfortably holding inside the rising channel and maintaining momentum built over the recent advance.
Technical Landscape: Bullish Structure but Overbought Signals
The cross is trading firmly above both the nine-period and 50-period Exponential Moving Averages (EMAs), reinforcing the prevailing bullish structure. The 14-day Relative Strength Index is positioned slightly above 70.00, indicating overbought conditions and suggesting that, while upward momentum remains strong, it is becoming increasingly stretched.
On the topside, AUD/JPY is consolidating near the newly established record level at 114.20. The next notable resistance level is aligned with the upper boundary of the ascending channel, which comes in around 114.70.
Support Levels: Key Zones to Watch on Pullbacks
On the downside, initial support is seen at the nine-day EMA, currently at 112.76. Below that, the lower edge of the ascending channel, located around 111.70, forms the next line of defense for buyers.
If the pair slips beneath the channel floor, attention would likely shift toward the 50-day EMA at 110.61. A decisive move below this medium-term moving average would open the door for a deeper pullback toward the area around a nearly two-month low at 108.79, putting additional pressure on the bullish outlook for the cross.
AUD/JPY: Daily Chart
(The technical analysis of this story was written with the help of an AI tool.)
Australian Dollar Performance Against Major Currencies
The following table shows the intraday percentage change of the Australian Dollar (AUD) versus a set of major currencies. According to the data, the Australian Dollar was 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 above illustrates percentage moves between major currencies. The base currency is shown in the left-hand column, and the quote currency appears at the top of each column. For instance, selecting the Australian Dollar in the left column and moving horizontally to the US Dollar cell displays the percentage change for AUD (base)/USD (quote).
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