Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Neutral | Buy |
Alligator (13; 8; 5) | Sell | Sell | Sell |
SAR (0.02; 0.2) | Buy | Sell | Sell |
Aggregate | ⇘ | ⇘ | ⇘ |
The Australian Dollar has depreciated about 13.96% of its values against the Japanese Yen. The currency pair reached a historically low level at 70.7728 during Thursday's trading session.
Presently, the exchange rate is gradually regaining his lost positions and aiming for the upper boundary of a descending channel pattern at 79.4973.
However, the 50-hour simple moving average at 77.301 could hinder the currency exchange rate from reaching the given target.
Moreover, technical indicators suggest that the AUD/JPY will end the week with bearish momentum.