| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Australian Dollar has declined by 1.68% against the Japanese Yen since January 8. The currency pair tested a support cluster formed by the weekly S1 and the 100– period SMA at 79.50 on January 18.
All things being equal, the AUD/JPY currency exchange rate is likely to continue to edge lower. A breakout through the lower line of an ascending channel pattern could occur within this week's trading sessions.
However, if the channel pattern holds, a surge towards the 82.50 level could be expected next week.