This week AUDJPY has been up in the 3 days . Although Japan earthquake has caused downward pressure on USDJPY . As it is shown that the commodity index CRY has increased by 10% since 5 April , 2016 , as it is shown in the chart below.
The strength of commodity has fuel the money flow in to Australia. The AUDUSD has bounce off the 0.75 support area to 0.78 level. The highest since May 2015. Looking at the monthly Pivot for AUDUSD has a potential to reach MR2 of 0.82 level.
A nice Pull back 0.85 level later today will be a nice buy opportunity for the bull.