AUD/JPY 4H Chart: Pressure by 50-hour SMA

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇘⇒

[ANNOUNCE]The 50-hour simple moving average has guided the AUD/JPY currency pair lower since last week trading sessions. The Australian Dollar depreciated about 2.12% in value against the Japanese Yen during this past week.[/ANNOUNCE]

The narrow descending channel pattern could continue to guide the exchange rate lower within this week's trading sessions.

However, it is likely that the currency exchange rate makes a retracement towards the 50-hour simple moving average at 76.69 during the following trading days.

Meanwhile, technical indicators flash sell signals on both the 4(H) and the daily time frames chart.

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