| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
During the past week, upside risks dominated the Australian Dollar versus the Japanese Yen. The currency pair appreciated about 2% in value.
A breakout occurred through the upper boundary of a descending channel pattern on June 27.
Given that a breakout has occurred, it is likely that the exchange rate will continue its upside momentum during the following trading sessions.
The potential target for bullish traders in the short term will be near the weekly R1 at 77.53.