| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
[ANNOUNCE]The Australian Dollar has surged by 3.78% against the Japanese Yen since October 7. The currency pair was pressured higher by the 50– period simple moving average during the past two weeks.[/ANNOUNCE]
Currently, the exchange rate is trading near the upper boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 85.50 level could be expected during the following trading sessions.
However, if the channel pattern holds, the currency exchange rate might make a brief pullback towards the support level at 82.50 in the shorter term.