AUDJPY, H4:
The Australian dollar has extended its advance against the Japanese yen, recording gains exceeding 3% over the past three weeks from its recent low near the 94.40 level. The pair has now decisively broken above the significant resistance zone around 97.35—a level that had repeatedly capped upward moves throughout the year—reaching its highest level since January and signaling a robust shift in medium-term sentiment.
Momentum indicators remain aligned with the bullish price action. The Relative Strength Index is trading near overbought territory, indicating strong and persistent buying pressure, while the Moving Average Convergence Divergence continues to trend above its zero line, confirming that upward momentum remains intact.
The pair now faces limited overhead resistance, with the next significant technical level seen near the 98.50 zone—a threshold that may invite profit-taking. Should the pair maintain its footing above the former resistance-turned-support near 97.35, further gains toward multi-month highs appear likely.
Resistance Levels: 98.20, 99.10
Support Levels: 97.25, 96.15
ETH, H4
Ethereum is showing signs of stabilization following an extended period of consolidation, after climbing 47% from its August low. The cryptocurrency has established firm support above the $4,255 level and is now poised to break out of its recent sequence of lower highs—a technical development that would suggest a potential resumption of its broader upward trend.
A decisive move above the nearby resistance level at $4,415 would confirm a bullish reversal pattern and likely attract renewed buying interest, potentially opening the path toward retesting all-time highs near $4,956.
Momentum indicators are beginning to align with this constructive outlook. The Relative Strength Index is edging higher after an extended period near neutral levels, indicating a pickup in buying pressure. Meanwhile, the Moving Average Convergence Divergence is approaching a bullish crossover above its zero line, signaling that positive momentum may be building.
The ability of ETH to hold above $4,255 remains critical for maintaining near-term bullish sentiment. Should the cryptocurrency successfully break and sustain levels above $4,415, it would signal a shift in market structure and reinforce expectations of further gains. However, a failure to overcome this resistance could prolong the current consolidation phase.
Resistance Levels:4556.00, 4770.50
Support Levels:4076.00, 3866.30
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