AUD/JPY 4H Chart: Continues lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Australian Dollar has continued to decline against the Japanese Yen. However, the previously drawn junior channel down pattern was broken, as the pair has once more reconfirmed the upper trend line of the medium scale channel.  

Most recently the currency exchange rate stopped at the support of the weekly S1, which is located at the 86.63 level. Most likely the pair is going to soon pass this support and then continue its decline to the next support at the 86.26 level. There the lone weekly S2 is located at. 

Moreover, it seems that the pair should decline until the end of November.

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