Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Neutral | Neutral | Neutral |
SAR (0.02; 0.2) | Buy | Sell | Buy |
Aggregate | ⇗ | ⇒ | ⇒ |
The Australian Dollar has been depreciating in an ascending channel against the Japanese Yen. The decline began when the currency pair reversed from the upper boundary of the channel pattern at 84.00 on December. This depreciation could be considered to be a short-term retracement.
The exchange rate broke a resistance cluster formed by the weekly and the monthly PPs and the combination of the three SMAs at 82.03 during the morning hours of Thursday's trading session.
The potential upside target for the currency exchange rate during the coming week will be at a swing high of 84.00.