| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Neutral | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar has been driven by strong upside momentum against the Japanese Yen since the end of June and thus rose by 322 base points or 3.99%. This bullish sentiment started after the currency pair bounced off the lower boundary of an ascending channel.
The upside risks have pushed the exchange rate higher towards the upper border of a downtrend line. However, after testing the upper boundary the rate reversed south.
Given that the AUD/JPY currency exchange rate has moved closer to the bottom border of the ascending channel, a breakout is likely to occur within this trading session.