| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
During the past week, the Australian Dollar has depreciated about 1.64% in value against the Japanese Yen. The currency pair was pressured down by the 50– and 100-hour SMAs.
By and large, it is likely that the AUD/JPY currency pair will continue its downward swing during the following trading sessions. The potential downside target will be near the bottom border of a medium-term descending channel pattern at 73.91.
However, a support cluster formed by the weekly and the monthly pivot points at 74.26 could hinder bears from dragging the currency exchange rate down in the nearest future.