| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The AUD/JPY exchange rate has been trading downwards within a falling wedge pattern since the end of August.
From a theoretical point of view, it is likely that the currency pair could continue to decline within the given pattern in the medium term.
In the meantime, note that the exchange rate is pressured by the 100– and 200-period moving averages in the 76.00 area. Thus, the rate could breach the predetermined pattern south and drop to the Fibo 38.20% at 72.03.