| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Sell | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar was trading in a channel up against the Japanese Yen for a few weeks prior to breaching this pattern to the upside. Following a retracement, the rate has returned near the 89.50 area and thus confirmed once again the existence of a new ascending channel.
Current indications point to a possible decline during the next few days down to a support cluster set by the 55– and 100-hour SMAs and the weekly PP near 88.50. This level likewise coincides with the lower boundary of the junior channel. In case this level is breached, the next significant downside target is the 200-hour SMA at 87.80.
By and large, the daily chart shows that the rate has been confined in a long-term ascending wedge for the last one-and-a-half years. The pair has almost reached its upper boundary that should, in theory, push the rate for a decline until late 2017.