AUDJPY Sellers Regain Momentum

Market Analysis – February 21

The AUDJPY market has witnessed a bearish resurgence, with sellers regaining strength from the 95.550 key level. After an initial bullish push last week, buyers lost control, allowing sell pressure to take over, driving the pair lower.

AUDJPY Key Levels:

Support Levels: 94.530, 93.000, 95.000
Resistance Levels: 95.550, 96.860, 96.000

AUDJPY Long-Term Trend: Bullish (Daily Chart)

AUDJPY’s bearish sentiment has intensified, with sellers successfully countering last week’s bullish attempt. The market is now trending lower, with a potential move toward the 94.530 support level in sight. If bearish momentum persists, AUDJPY could extend its decline to 93.000, reinforcing the overall downtrend structure. The Stochastic Oscillator confirms the selling momentum, showing a drastic fall, indicating that sellers remain in control.

However, the Momentum Indicator is still hovering around the mid-level, suggesting further downside potential if bearish pressure continues. With sellers firmly in control, AUDJPY is likely to test the 94.530 support level. A break below this zone would strengthen the bearish outlook, potentially leading to a move toward 93.000 significant level in the coming sessions. If buyers attempt a rebound, resistance at the 95.550 key area will be the key level to watch. A push above this level would signal a temporary shift in sentiment, though sellers remain dominant for now.

AUDJPY Medium-Term Trend: Bearish

On the 4-hour chart, sellers continue to hold dominance, with price action showing lower highs and lower lows. As momentum intensifies, a test of 94.530 is likely. If this level breaks, AUDJPY could slide further toward the 93.000 significant zone. However, if buyers manage to reclaim strength, a potential retest of the 95.550 key level could be in play before another downward move.

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