| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇗ | ⇒ |
The AUD/JPY currency pair has continued to trade between the range of 83.00/84.50 levels since the beginning of April. The Australian Dollar surged by 1.54% against the Japanese Yen during last week's trading sessions.
All things being equal, the exchange rate is likely to continue to trade within the range during this week's trading sessions. The potential target will be near the 84.50 level.
However, given that the currency exchange rate is currently trading near the lower boundary of an ascending channel pattern a breakout could occur this week.