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June 6, 2025

AUD/JPY Forecast: Testing Key Support at 93.00

AUD/JPY continues to extend its gains for the second consecutive session, currently trading around 93.60 during early European hours. The daily chart analysis reveals the currency pair remains within a bullish ascending channel. A critical moment lies ahead as it tests the psychological support at 93.00, which could determine its next direction. Traders should closely observe this level, as breaking below could alter the bullish outlook, while a bounce back could reaffirm the uptrend.

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