| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The Australian Dollar has surged by 3.78% against the Japanese Yen since October 7. The currency pair was pressured higher by the 50– period simple moving average during the past two weeks.
Currently, the exchange rate is trading near the upper boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 85.50 level could be expected during the following trading sessions.
However, if the channel pattern holds, the currency exchange rate might make a brief pullback towards the support level at 82.50 in the shorter term.