- September 24, 2025
- Posted by: EWGFX
- Category: Technical analysis
In today’s market outlook, let’s shift our attention to AUD/JPY, which delivered a strong rally overnight. The move was triggered by Australia’s inflation data coming in hotter than expected at 3.0% versus the 2.9% forecast. This surprise boosted demand for the Australian Dollar, and the technical picture reflected that strength right at a key price zone.
The blue horizontal level around 97.25 once again proved its importance. Previously a major resistance back in July, it now acted as solid support, where buyers stepped in aggressively to defend the area. This reaction highlights the zone as a pivotal battleground for the pair.
Adding to the bullish setup, price action also broke through the red descending trendline that had been capping recent downside movement. With both the blue support holding and the red trendline resistance breached, the outlook favors the bulls. As long as AUD/JPY stays above these levels, the bias remains strongly upward.