• AUD/JPY slides along stiff channel top resistance, downside pauses at 20-DMA support currently at 78.39.
   
• Only a break below 20-DMA will see further weakness, scope then for test of 75.60.
   
• Techs are bearish, Stochs and RSI biased lower, MACD is showing a bearish crossover on signal line, though above zero levels.
   
• The Aussie keeps its overnight upbeat momentum intact. Focus now on next week’s RBA policy decision, with odds of an Aug rate cut decreased after upbeat Aus CPI figures.
   
• Bearish invalidation only above channel top currently at 79.85 levels. Break above could see test of 81.50 levels.
   
• Immediate support and resistance are seen at 78.39 (20-DMA) and 79.85 (channel top).