AUD/JPY chart: Confluent 95.75 big test for bulls

FXStreet (Bali) - AUD/JPY continues on fire, posting an eleventh straight day of unperturbed gains on Monday. Ahead of Tokyo, the rate is at the 95.75 critical juncture - converges with the last Oct 22 key swing high and the 50% fib retracement from the 105.00 to 86.00 decline -. A break higher will probably expose the 97.00 handle, which aligns with last April 2nd 2013 swing low. Bear in mind the AUD will be likely hit by strong volatility in the current Asian session, as China PMIs and the RBA outcomes are released.

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