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Chart - Courtesy Trading View
AUD/JPY was trading 0.43% higher on the day at 95.68 at around 10:10 GMT.
The pair is extending bull run for the 6th straight session, scope for further upside.
Hawkish RBA minutes which showed the central bank sees more rate hikes over the months ahead keep the pair supported.
GMMA indicator shows major and minor trend are strongly bullish. Momentum is bullish and volatility is high.
MACD confirms bullish crossover on signal line. ADX supports upside in the pair.
Support levels - 94.56 (5-DMA), 93.66 (21-EMA)
Resistance levels - 96, 96.88 (June 8th high)
Summary: AUD/JPY trades with a bullish bias. The pair is on track to refresh yearly highs above 96.88. Bullish invalidation below daily cloud.
