Given the strong daily uptrend and the bearish US dollar sentiment seen across the FX markets today, USDJPY currency pair can be expected to rise to the next resistance level 0.7145 (which stopped the previous impulse wave I earlier this month).

 

  • AUDUSD reversed from the support area
  • Likely to rise to resistance level 0.7145

AUDUSD currency pair recently reversed from the support area located between the round support level 0.7000 (former resistance from January, as can be seen from the USDJPY chart below), upper trendline of the recently broken daily up channel from November and the 50% Fibonacci correction of the upward impulse from the start of February. The upward reversal from this support area started the active short-term impulse wave iii, which belongs to the impulse wave 5 of the intermediate impulse wave (C) from November of 2025.

Given the strong daily uptrend and the bearish US dollar sentiment seen across the FX markets today, USDJPY currency pair can be expected to rise to the next resistance level 0.7145 (which stopped the previous impulse wave I earlier this month).

AUDUSD Technical Analysis

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