The AUD/JPY currency pair saw a minor uptick during Monday’s session as it approached the 90.50 mark. Trading occurred within the day’s range of 89.571 to 90.832, although broader technical indicators suggest an overall bearish trend.
The Relative Strength Index (RSI) is at a neutral 42.576, and the Moving Average Convergence Divergence (MACD) indicates a sell signal. The Stochastic RSI Fast is at 58.383, coupled with a Bull Bear Power of -1.887, pointing to a neutral outlook with limited upward drive.
Technical Moving Averages Overview
All major simple moving averages show a bearish tilt, with the 20-day at 92.533, the 100-day at 95.758, and the 200-day at 97.813. The 10-day exponential and simple moving averages are positioned at 90.777 and 90.650, respectively, underscoring the lack of sustained upward force.
From a technical standpoint, immediate support resides at 90.226, with stronger levels near 89.80. On the upside, resistance is noted around 90.65, with additional challenges at 90.777 and 90.899 if buying interest intensifies.
Taken together, these indicators paint an unambiguous picture: while there has been a modest advance in AUD/JPY, the larger directional pressure remains unbalanced in favour of sellers. Monday’s push towards 90.50 may have stirred some optimism, yet technical figures suggest it lacks staying power without a change in broader momentum.
The RSI sitting just below midline — at 42.576 — does not favour either direction convincingly. That will require newfound force from either bulls or bears to tilt the bias. Similarly, the MACD continues to post a firm sell signal, evidencing downside pressure that hasn’t yet been overturned. We note that the Stochastic RSI fast value hovering at 58.383 is marginally closer to overbought than oversold, but not decisively so. The Bull Bear Power reading of -1.887 affirms that sellers are not in retreat.
Short Term Support and Resistance
We must keep in mind that all key simple moving averages remain downward-sloped. When the 20-day sits several hundred pips above current levels — at 92.533 — and the 100- and 200-day averages are even higher, retracement attempts become vulnerable to failure before they begin. The 10-day exponential and simple averages, currently near 90.777 and 90.650, are particularly useful for detecting short-term rejection points. This area aligns with immediate resistance and acts as a barrier to further recovery attempts.
In terms of price structure, short-term support has formed around 90.226. It’s been tested and held, but any violation would likely expose the lower band near 89.80, a zone that may attract resting buy orders or spark risk-hedging activity. On the flip side, for any continued push above Monday’s high to unfold, bulls would need to clear resistance levels at 90.65 and 90.777 with conviction. The former coincides with technical averages, while the latter connects to prior short-term peaks. If prices begin to nibble at 90.899, sentiment could start to shift — but that remains a one-step-at-a-time scenario.
We’re watching carefully for signs of shifting pressure — however, in these conditions, one should maintain sensitivity to false breaks. Forward-looking strategies are best served by patience, watching whether the pair can hold above the 90.20 area for more than a fleeting session. Fading rallies into resistance, rather than chasing momentum, still appears more technically justified as long as moving averages do not flatten or begin to tilt higher.
With indicators flashing mixed-to-negative and only light qualitative support visible in charts, favouring downside setups within defined risk remains more consistent with current conditions. We can’t ignore the wider trend slope that remains downward, nor pretend a test of 91.00 is near unless shown otherwise. Tactical positioning must remain tightly managed, with an eye on high-frequency patterns for short-lived reversals or traps near overhead technical clusters.
