The AUD/JPY pared some of its gains despite a strong trade balance. It reached a high of 97.30 and is currently trading around 96.72. The intraday trend remains bullish as long as support at 96 holds.
The pair is trading below the 55 EMA and above the 200 EMA and 365 EMA (long-term) on the one-hour chart, confirming a bullish trend. Any violation below 96.60 indicates the intraday trend is weak. A dip to 96/ 95.50/95/94.40/93.95/93 is possible. Immediate resistance is at 97.30, a breach above this level targets 97.64/98.
Market Indicators ( 60 min chart)
CCI (50)- Bearish
Directional movement index - neutral
Trading Strategy: Buy
It is good to buy on dips around 96.40 with SL around 96 for a TP of 97.20/98.


NZDJPY Bullish Surge: Strong Kiwi Ignites Fresh Upside as 94 Support Holds and All EMAs Align
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro: AUD/ USD eases as risk sentiment remains fragile
FxWirePro- Major Pair levels and bias summary
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
FxWirePro: NZD/USD trades in narrow range ,outlook bullish 



