| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar has surged by 10.45% in value against the Japanese Yen since the middle of March. The currency pair tested the upper boundary of a descending channel pattern at 67.08 on March 31.
All things being equal, the exchange rate will most likely continue to trade in the descending channel pattern. The AUD/JPY pair could target the 60.05 area during the following trading sessions.
However, given that the currency exchange rate is currently trading near the upper border of the channel pattern, a breakout might occur within this week's trading sessions.