| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The AUD/JPY exchange rate is trading in a falling wedge. This pattern formed a week before the Aussie reached its nearly two-year high at 90.25.
Meanwhile, the pair has been trading relatively flat during the past three sessions, thus remaining near the bottom wedge boundary.
Technical indicators suggest that there is still some upside potential that could be realised this week. However, do to so, the Aussie still needs to breach an important resistance cluster set by the 100– and 200-hour SMAs and the weekly PP in the 87.64/88.00 territory.
From technical point of view, the rate should push towards the upper wedge boundary and eventually breach this line. Thus, the base scenario still favours the rate appreciating even despite the strong upside barrier. In case of a breakout south, the Aussie should push for the monthly S1 at 86.37.