AUDJPY Forecast today: On October 1st, the AUD/JPY currency pair found support at 98.40. Today, we saw a strong bullish candle form at the 98.72 price point, driving the pair above the significant 100.00 level.
Looking at the four-hour chart, the 50 EMA has crossed above the 200 EMA, which signals a bullish trend as the price remains above the 200 EMA.
Key Levels:
- Short-term Support: 98.50
- Resistance: 101.70
Forecast for AUDJPY
We are optimistic about the market’s upward movement, anticipating a potential test of the resistance level at 101.70. However, if the price falls below the support at 98.50 and remains there, it could indicate a shift towards a bearish outlook for the pair.
Keep an eye on these levels as we monitor the AUD/JPY’s performance in the coming days!
Checkout Our EUR/USD latest forecasts by clicking here
