AUDJPY Bears Extend Control as Price Targets 94.530 Key Level

AUDJPY bears extend control as price targets 94.530 key level. AUDJPY has been steadily declining, with sellers maintaining control and pushing prices lower. The bears have dominated February’s price action, following an initial failed attempt to break above 96.860.

Support Levels: 94.530, 93.000, 92.000

Resistance Levels: 95.550, 96.860, 99.300

Now, with the price dipping below 95.550, the market structure suggests a further bearish continuation toward 94.530. AUDJPY is showing consistent downside pressure as sellers intensify their efforts to push prices lower. The Parabolic SAR confirms the bearish trend, with price trading below its signals.

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The RSI is reflecting sellers’ dominance, as buyers struggle to regain strength. If the price breaks below 94.530, the next bearish target will be 93.000. With buyers unable to mount a strong recovery, the market remains bearish in the long run.

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If sellers breach 94.530, the next bearish target is 93.000, as downward momentum increases. A bounce above 95.550 could signal temporary relief, but without strong momentum, a reversal remains unlikely. The Parabolic SAR and RSI confirm continued downside risk, making further declines more probable.

On lower time frames, sellers continue to control the market. The Parabolic SAR signals continued bearish movement with no clear signs of reversal.

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The RSI indicates weak buying pressure, suggesting that sellers remain in charge. Any short-term pullback could offer selling opportunities, as bearish sentiment remains strong. If sellers continue their push, AUDJPY is likely to drop further toward 94.530 and possibly 93.000.
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