| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The Australian Dollar has surged by 2.73% against the Japanese Yen since last week's trading sessions. The AUD/JPY currency pair tested the 85.50 level on March 18.
Everything being equal, the exchange rate is likely to continue to trend higher during the following trading sessions. The potential target for buyers would be near the 87.00 level.
However, the weekly resistance level at 85.25 could provide a barrier for bullish traders in the shorter term.