AUD/JPY 4H Chart: Potential upside reversal

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

Since July 15, the Australian Dollar has depreciated about 5.71% in value against the Japanese Yen. The 50-day simple moving average provided resistance for the currency pair at 75.72.

Most likely, the exchange rate could make a pullback during the following trading sessions. Bullish traders might aim for a resistance cluster formed by the 50-day SMA and the monthly pivot point at 75.04.

However, technical indicators demonstrate that the AUD/JPY currency exchange rate would continue its southern movement in the nearest future.

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