AUD/JPY is attempting gains after Upbeat Aussie data

• Australia March trade surplus and building approvals bettered estimates.
• AUD/JPY has added 10 pips post-data release, close above 82.65 today would signal the pullback has ended.

Australia's trade surplus unexpectedly widened to AUD 1527 million in March from the upwardly revised February surplus of AUD 1350 million.

Meanwhile, building approvals increased 2.6 percent month-on-month, beating the expected increase of 1.0 percent.

AUD/JPY has added 10 pips or so after the data release and was last seen trading above the 5-day moving average (MA) of 82.40.

The pair created doji candles on previous two trading days, signaling indecision in the marketplace. A positive close today, preferably above 82.65 (previous day's high) would mean the pullback from 84.08 has ended. The strong Aussie data has certainly boosted the odds of the pair closing above 82.65 today.

AUD/JPY Technical Levels

A move above 82.65 (previous day's high) would open up upside towards 873.09 (April 24 high) and 83.32 (Feb. 14 low). On the downside, breach of support at 82.19 (session low) could yield a drop to 82.03 (May 1 low) and 81.87 (61.8 percent Fibonacci retracement of 80.50-84.08).