3 September 2025,06:08
Daily Market Analysis
3 September 2025, 06:08
AUDJPY, H4:
The Australian dollar has extended its advance against the Japanese yen, maintaining a firm position within a well-defined uptrend channel after breaking its prior pattern of lower highs and lower lows. The pair is now testing major resistance near the 97.25 level—a barrier that has capped upward moves since early 2025.
A decisive break above this resistance would confirm a significant shift in market structure and reinforce the current bullish bias, potentially opening the path toward the next major technical level near the February high above 98.00.
Momentum indicators are aligned with the upward price movement. The Relative Strength Index has entered overbought territory, reflecting strong buying pressure, while the Moving Average Convergence Divergence continues to trend higher above its zero line, supporting the case for continued near-term strength.
Resistance Levels: 97.25, 98.22
Support Levels: 96.15, 95.40
ETHUSD H4
Ethereum is showing tentative signs of stabilization following a sharp correction from its recent all-time high of $4,956, with losses exceeding 10% from the peak. The second-largest cryptocurrency by market capitalization is now trading in a narrow range above a critical technical and psychological support level at $4,275, suggesting that near-term selling pressure may be abating.
A sustained move above this consolidation zone, particularly accompanied by a break above the descending trendline resistance, could signal a resumption of the broader uptrend and attract renewed buying interest. However, momentum indicators have yet to confirm a reversal. The Relative Strength Index remains subdued below the 50 midline, reflecting lingering bearish sentiment, while the Moving Average Convergence Divergence continues to trade below its zero line, indicating that downward momentum, though potentially slowing, persists.
The ability of ETH to defend the $4,275 support level will be closely watched. A failure to hold this zone could trigger a deeper retracement toward the next significant support near $4,000. Conversely, a rebound supported by improving volume and a bullish shift in momentum indicators would strengthen the case for a return toward recent highs.
Resistance Levels:4555.00, 4770.50
Support Levels: 4075.00, 3865.00
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