AUDJPY Key Levels, The Week Ahead 03rd March ‘25

The AUDJPY currency pair maintains a bearish sentiment, supported by a longer-term downtrend. Price action remains pressured, with a key swing low acting as an immediate resistance level. However, potential upside corrections could test key resistance areas before determining the next directional move.

Key Levels to Watch
Resistance Levels: 94.50, 95.50 (20 DMA), 96.80 (50 DMA)
Support Levels: 92.70, 91.40, 90.20
Bearish Scenario
If AUDJPY fails to break above the 94.50 resistance level, a renewed bearish rejection could trigger further downside momentum. A sustained move lower could expose key support levels at 92.70, followed by 91.40 and 90.20 over the longer timeframe. Given the prevailing downtrend, sellers may look for shorting opportunities on rallies toward resistance.

Bullish Scenario
A decisive breakout above 94.50, confirmed by a daily close, would weaken the bearish outlook and signal a potential reversal. If this occurs, AUDJPY could rally toward the next resistance at 95.50 (20 DMA), with further bullish momentum potentially extending toward 96.80 (50 DMA).

Conclusion
While AUDJPY remains in a broader downtrend, the 94.50 level is a crucial pivot point that will determine the next move. A rejection from this level would reaffirm bearish dominance, whereas a breakout above it could signal a shift toward a corrective bullish phase. Traders should monitor price action around key levels for confirmation before positioning.

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