Technical Outlook: AUDJPY is trading within the confines of a well-defined descending median-line formation extending off the July highs, keeping the focus lower in the pair heading into tonight’s Australian Employment report. Interim resistance now stands at 76.98 backed by the weekly open 77.41. Bearish invalidation stands at the monthly open / weekly opening-range high at 77.71/80.
The pair is now testing the August lows and a break targets support objectives at 75.9