2 October 2025,05:47
Chart The Market
2 October 2025, 05:47
AUDJPY, H4:
The AUD/JPY pair has reversed its recent bullish trajectory, breaking decisively below the critical support level at 97.37. This breakdown represents a significant deterioration in market structure, negating the prior breakout above the downtrend channel and suggesting a shift in near-term momentum toward a bearish bias.
The pair’s inability to maintain support above this level indicates that selling pressure has overwhelmed previous bullish conviction. A sustained trading posture below 97.37 would reinforce the negative outlook and potentially open a path toward the next significant support zone near the 96.20–96.50 area.
Momentum indicators are aligned with this bearish shift. The Relative Strength Index has declined below its midline, reflecting diminishing buying interest, while the Moving Average Convergence Divergence has crossed below its zero line—a development that confirms downward momentum is accelerating.
Resistance Levels: 97.80, 98.30
Support Levels: 96.90, 96.45
AUDNZD, H4
The AUD/NZD pair has retreated from a significant technical resistance level at 1.1405, halting its strong September advance that saw the pair gain nearly 3% and reach its highest level since July 2022. The rejection at this multi-year peak suggests bullish exhaustion and potentially marks a near-term inflection point.
The pair is now testing a crucial liquidity zone at the 1.1335 level, which represents a key technical support area. While a technical rebound from this zone remains possible, a decisive break below would signal a structural breakdown and likely trigger a deeper correction toward the next support level near 1.1280.
Momentum indicators have shifted notably bearish. The Relative Strength Index has declined below its midline, indicating weakening buying pressure, while the Moving Average Convergence Divergence has generated a bearish crossover—often referred to as a “death cross”—and is approaching its zero line from above. This configuration suggests that the previously strong bullish momentum is dissipating rapidly.
Resistance Levels: 1.1405, 1.1460
Support Levels:1.1255, 1.1175
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