| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The Australian Dollar has revealed a new junior ascending channel pattern against the Japanese Yen. The channel pattern guided the currency pair during last week's trading session.
The exchange rate is currently testing a support cluster formed by the 50-, 100– and 200-hour SMAs and the combination of the weekly and the monthly pivot points at 78.73.
If support cluster holds, the currency exchange rate will aim for the upper boundary of the junior ascending channel at 79.74.
On the other hand, if the rate passes the support cluster, bearish traders could drive the pair towards the weekly S1 at 78.21 during the following trading sessions.