AUDJPY Bulls Regain Strength Towards 95.550 Key Level

Market Analysis – March 31

The AUDJPY has flipped back upward, with buyers rebounding from the 93.260 support level and aiming toward the 95.550 key area. After gaining momentum from 91.820 earlier this month, the bulls faced stiff resistance at 95.550, temporarily stalling the rally. However, the latest price action suggests that buyers are regaining strength. They are setting the stage for a potential continuation of the uptrend.

AUDJPY Key Levels:

Support Levels: 93.260, 91.820
Resistance Levels: 95.550, 97.000

AUDJPY Long-Term Trend: Bullish (Daily Chart)

Since the start of the month, the buyers have been on consecutive gains, reversing last month’s bearish flow. The momentum is currently shifting bullish, with price recovering steadily. If buyers successfully breach 95.550, further upside toward 97.000 resistance could unfold.

The Momentum indicator confirms rising buying pressure, indicating that traders may expect a breakout beyond 95.550. The RSI (Relative Strength Index) is pushing higher, suggesting buyers are regaining dominance. If bullish pressure continues, we could see an extended rally toward higher price zones. However, failure to break 95.550 could lead to a temporary pullback toward 93.260 support before another attempt higher.

AUDJPY Short-Term Trend: Bullish  (4-Hour Chart)

On the shorter time frame, buyers are still building strength for control: The RSI continues to rise, reflecting increased buyer confidence.

The Momentum indicator suggests a strong bullish rise, confirming an active push toward 95.550. If the 95.550 key area is successfully breached, the next target level is 97.000, marking a strong bullish continuation.