The AUD/JPY pair is currently trading at 75.92 and could rise above 77.00 in the next period, as per technical charts. The price has already hit EMA 20 and EMA 50 on the daily chart, and the RSI oscillator is still above 50. A medium-term target is Fibo 0.50 (77.17).
The bottom was at 74.15 on the weekly chart. The RSI oscillator will soon cross above 50.
The price might stabilize around 80.00 in the medium-long term, between EMA 50 and EMA 100 on the weekly chart.
The most important data of this week:
Japan Trade balance (June); (JPY 406.bln expectation); (JPY 967 bln previous)
Australia Employment change (June); (9k expectation); (42.3k previous)
Employment rate ( June); (5.2% expectation); (5.2% previous)
Japan National CPI YoY (0.7% expectation); ( 0.7% previous)