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11 Mar 2025

AUD/JPY Price Analysis: Bulls regain ground but downside risks persist

  • AUD/JPY was seen trading around the 93.00 area ahead of the Asian session, recovering from a three-day losing streak.
  • Despite the rebound, the pair remains below key resistance, while indicators continue to reflect underlying bearish pressure.

The AUD/JPY pair bounced back on Tuesday ahead of the Asian session, moving near the 93.00 zone after declining for three consecutive sessions. While the daily advance suggests some buying pressure, the broader technical picture remains uncertain as the pair struggles to hold above key resistance levels.

Technical indicators paint a mixed picture. The Relative Strength Index (RSI) has sharply risen but remains in negative territory, indicating that the recovery lacks strong bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) is printing decreasing red bars, signaling that bearish momentum is easing but not entirely absent. This suggests that while selling pressure has subsided, buyers may still need to overcome key resistance before confirming a sustained recovery.

Looking at support and resistance levels, the first resistance lies around the 93.50 region, followed by stronger resistance at 94.00. A break above these levels could provide the bulls with further momentum. On the downside, immediate support is seen at 92.50, with a deeper floor around 92.00. The 20-day Simple Moving Average (SMA) at 95.00 remains a critical level for a broader trend shift.

AUD/JPY daily chart

Mar 11, 2025

US to kick off global 25% tariff on all steel and aluminum imports on Wednesday

White House staff reaffirmed on Tuesday that a global 25% tariff on all steel and aluminum imported into the US would take effect on Wednesday, beginning at midnight Eastern Standard Time.
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Mar 11, 2025

NZD/USD Price Analysis: Kiwi defends key support but face resistance

The NZD/USD pair edged higher on Tuesday ahead of the Asian session, moving near the 0.5710 zone after rebounding from recent lows.
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