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AUD/JPY chart - Trading View
AUD/JPY was trading 0.10% lower on the day at 76.65 at around 10:45 GMT.
The pair is consolidating break above daily cloud and outlook for the pair remains bullish.
Bullish 5-DMA crossover on 20-DMA and 'Bullish RSI Divergence' on the daily charts adds upside bias.
Australia’s Consumer Inflation Expectations for November beat forecasts to print at 3.5%, forecast 3.2% versus 3.4% prior. Aussie largely unimpressed.
Rising coronavirus cases across U.S. and Europe keep sentiment depressed despite Pfizer breakthrough announcement.
Stochs are at overbought which could see some pullback. The pair is holding support at 76.20 which is nearly converged daily cloud and 5-DMA.
Break below 76.20 will see next strong support at 55-EMA at 75.32. Break below could see dip till 200-DMA.
