| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
Downside risks have dominated the AUD/JPY currency pair since the beginning of October. The Australian Dollar has depreciated about 4.66% against the Japanese Yen.
The exchange rate is trading in a descending channel pattern, which was formed on October 2 and has pushed the price lower towards a two-year low level at 78.51.
However, the pair has bounced off the two years low level a few days ago, and as a result, the pair breached the upper boundary of the descending channel at 80.31.
Given that a breakout has occurred, the next target for the currency exchange rate will be near the upper boundary of a dominate descending channel at 82.06 during the following trading sessions.