AUD/JPY 1H Chart: Triangle

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

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

AUD/JPY is trading in a short-term symmetrical triangle which was formed when the rate entered a consolidation period near the lower boundary of a senior channel.  

Even though the Aussie should head towards the upper channel boundary in accordance with the senior pattern, the aforementioned consolidation period may demonstrate that bulls are no longer able to outperform bears consequently form a distinct wave north in the long term. 

In the short term, however, the Aussie is still likely to push up to the upper triangle boundary in the 86.80/87.00 area, breaching a combined resistance of the 100– and 200-hour SMAs and the weekly PP circa 86.60 along the way.

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