AUD/JPY 4H Chart: Breaches resistance cluster

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

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 Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Australian Dollar has been gaining strength against the Japanese Yen after the currency pair bounced off the bottom border of an ascending channel pattern at 78.50 on October 26.

Currently, the exchange rate is trading above a support cluster formed by the combination of the weekly, the monthly PPs and the 50-hour simple moving average at 82.07.

If this support cluster as mentioned earlier holds, the currency exchange rate will aim at the weekly R1 at 83.14 within this session.

However, the AUD/JPY pair could reverse from the current price level and breaks the ascending channel pattern today.

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