Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Sell |
RSI (14) | Buy | Neutral | Neutral |
Stochastic (5; 3) | Buy | Neutral | Neutral |
Alligator (13; 8; 5) | Sell | Buy | Sell |
SAR (0.02; 0.2) | Sell | Sell | Sell |
Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has appreciated about 2.12% in values against the Japanese Yen since January 30. However, after hitting the upper boundary of a dominant descending channel pattern, the exchange rate began to decline.
The currency pair broke a junior ascending channel pattern during the Asian session on Thursday.
Given that a breakout had occurred, it is likely that the Aussie will continue its decline within this session.
The possible downside target in the shorter term will be near a support level formed by the weekly S3 at 76.75.