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AUD/JPY chart - Trading View
AUD/JPY is extending gains for the 2nd straight session, trades 2.84% higher at 65.38 at around 07:40 GMT.
Aussie bulls buoyed by the Australian authorities' massive stimulus measures rolled out to battle the virus impact on the economy.
Signs of risk recovery were also evident across the globe in the rebound in the Asian equities and US stocks futures.
AUD/JPY tests 200H MA at 65.625. Decisive break above will see further gains.
Price action has broken above 5-DMA and hourly cloud. Technical studies are pointing to further gains.
RSI has rolled over from oversold territory and is biased higher. Stochs are on verge of rollover from oversold levels.
Breakout at 200H SMA sill see next hurdle at 21-EMA at 67.915. Rejection at 200H MA could see resumption of weakness.
