Key Moments
- AUD/JPY has been under pressure for a third straight session, trading near 113.20 and testing the lower boundary of an ascending triangle pattern.
- The cross remains above the 50-day EMA at 112.44, while the nine-day EMA at 113.72 and an RSI reading near 50 point to short-term consolidation and neutral momentum.
- A downside break of the triangle would expose support at 112.44 and could open the way toward the three-month low at 108.79.
Technical Setup: Price Action Near Key Triangle Support
AUD/JPY is extending its decline for a third consecutive session, trading around 113.20 during Asian hours on Monday. On the daily chart, the pair is testing the lower boundary of an ascending triangle, where price action suggests the possibility of a failed bullish structure or a bearish pattern development. A sustained move below this lower trendline would point to fading buying pressure and a shift in control toward sellers.
Despite the latest pullback, AUD/JPY maintains a mildly bullish tone in the near term, as it continues to trade above the 50-day Exponential Moving Average (EMA). The cross is currently consolidating, with price capped by short-term resistance at the nine-day EMA and supported by the longer-term 50-day EMA. At the same time, the 14-day Relative Strength Index (RSI) is hovering close to 50, signaling neutral momentum and a lack of clear directional conviction for now.
Resistance Levels and Potential Upside Targets
On the topside, a rebound from current levels could carry AUD/JPY back toward the nine-day EMA, currently at 113.72. A decisive break above this shorter-term average would strengthen the bullish case and could pave the way for a retest of the record high at 114.74. That level is situated near the upper boundary of the ascending triangle, which comes in around 115.00.
Downside Risks and Key Supports
If selling pressure intensifies and the pair closes below the triangle’s lower boundary, focus would shift to the 50-day EMA at 112.44 as the next important support area. A clear violation of that level would increase downside risks and could bring the three-month low at 108.79, set on March 31, back into view as a potential target zone.
Australian Dollar Performance Against Majors
The following table presents the percentage change of the Australian Dollar (AUD) against major currencies today. According to this snapshot, the Australian Dollar was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.02% | 0.08% | 0.10% | 0.00% | 0.22% | -0.00% | -0.02% | |
| EUR | -0.02% | 0.04% | 0.09% | -0.02% | 0.20% | -0.02% | -0.05% | |
| GBP | -0.08% | -0.04% | 0.02% | -0.07% | 0.14% | -0.07% | -0.09% | |
| JPY | -0.10% | -0.09% | -0.02% | -0.14% | 0.10% | -0.15% | -0.15% | |
| CAD | -0.01% | 0.02% | 0.07% | 0.14% | 0.22% | 0.00% | -0.01% | |
| AUD | -0.22% | -0.20% | -0.14% | -0.10% | -0.22% | -0.20% | -0.20% | |
| NZD | 0.00% | 0.02% | 0.07% | 0.15% | -0.00% | 0.20% | -0.01% | |
| CHF | 0.02% | 0.05% | 0.09% | 0.15% | 0.01% | 0.20% | 0.01% |
The heat map is read by selecting a base currency from the left-hand column and a quote currency from the top row. The value in the intersecting cell represents the percentage change of the base currency versus the quote. For instance, choosing the Australian Dollar from the left column and the US Dollar from the top row shows the move in AUD (base)/USD (quote).
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