FxWirePro: AUD/JPY hovers around 50-DMA after poor NAB business confidence data, weakness seen on break below

• Aussie under fresh selling pressure after poor NAB's business confidence data.
   
• Upbeat China CPI data ignored. China’s consumer price inflation accelerated, but at its weakest pace in six months.
   
• AUD/JPY off Monday's high, hovers around 50-DMA at 78.09, weakness likely on break below.
   
• Pair is holding minor support at 78.03, break below could drag the pair to next major support at 77.62.
   
• Upside finds resistance at 78.61 (20-DMA), 78.67 (Aug 8 high) and 79.15 (July 28 high).
   
• Close above 78.61 required for upside to resume.
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Recommendation: Go short on break below 78.00, SL: 78.60, TP: 77.62