AUD/JPY 4H Chart: Moving towards target

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellBuySell
Aggregate

The Australian Dollar has declined by 1.55% in value against the Japanese Yen since January 16. The currency pair breached both the 50-, 100– and 200– hour SMAs during this period.

As for the near future, the AUD/JPY exchange rate could continue to trade southward. Bearish traders could target the monthly S1 at 74.58 during the following trading sessions.

A potential upside reversal might occur from the support cluster formed by the weekly S3 and the monthly S1 at the 74.69 area within next week's trading sessions.

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