| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
The Australian Dollar has declined by 189 pips or 2.23% against the Japanese Yen since June 11. The currency pair tested the 83.00 level during yesterday's trading session.
All things being equal, the exchange rate could continue to trend bearish during next week's trading sessions. A breakout through the lower line of a descending channel pattern could occur today.
However, if the channel pattern holds, the AUD/JPY currency exchange rate would make a brief retracement towards the 84.50 area in the shorter term.