AUD/JPY 4H Chart: Bearish market

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

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

Downside risks have dominated the Australian Dollar against the Japanese Yen after the currency pair hit a strong resistance cluster formed by the weekly and the monthly PPs near 84.32 on June 7.

Following a test of the northern border of a newly formed junior pattern, bears took control of the market and as a result, the exchange rate breached both the 55-,100-, and 200-hour SMAs.

From a technical analysis point of view, the AUD/JPY currency exchange rate could be set for a further decline toward the lower boundary of an ascending channel during the following trading sessions.

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