| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has declined by 1.99% against the Japanese Yen since this week trading sessions. The 50– period simple moving average provided resistance for the currency pair this week.
As for the near future, the AUD/JPY currency exchange rate is likely to continue to edge lower. Bearish traders could target the 71.00 level during the following trading sessions.
However, a support cluster at the 73.54 area could provide a barrier for bears within this week trading sessions.