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Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
AUD/USD spiked to hit day's high at 0.7129 after Aussie bulls bolstered by RBA's rates-on hold decision.
- However, the spike was quickly sold off and the pair is now below the 0.71 handle, currently trading at 0.7088.
- 5-DMA at 0.7077 is strong support on the downside, break below could see the pair testing 0.7025 and then 0.70 levels.
- On the upside we see immediate resistance at 0.7140 (Jan 29 highs) and then 0.7160 (Nov 13 highs).
- Australia retail sales, business confidence data, monetary policy statement along with US NFP report due later in the week will have a major impact on the pair.
Recommendation: Good to buy dips in the pair around 0.7050, SL: 0.6920, TP: 0.7140/0.7160/0.72
