| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Australian Dollar has appreciated about 1.95% in value against the Japanese Yen since March 28. A breakout occurred through the upper boundary of a dominant descending channel pattern during Monday's trading session.
A junior ascending channel is currently guiding the exchange rate towards a resistance cluster formed by the combination of the weekly and the monthly pivot points at 79.87.
Although, it is likely that the currency exchange rate makes a brief retracement towards a support level formed by the 100– and 200-hour simple moving averages near the 78.86 regions during the following trading sessions.