AUD/JPY 4H Chart: reaches resistance cluster

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate ⇘ ⇘ ⇒

[ANNOUNCE]Following a reversal from the upper boundary of a dominant descending pattern on May 22, the Australian Dollar has been trading in a two-week channel down against the Japanese Yen.[/ANNOUNCE]

The currency pair bounced off the bottom border of an uptrend line where the weekly support level at 81.06 is located and started moving upwards. However, the rate has encountered a strong resistance set by the combination of the 100– and 200– hour SMAs and the monthly PP near the 82.43 mark.

If the aforementioned resistance cluster holds, the AUD/JPY currency exchange rate could continue its downward movement during the following trading sessions.  

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