| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has been guided by an ascending channel against the Japanese Yen since late June. This movement began after the currency pair reached the weekly pivot point at 80.84.
The bullish momentum is likely to continue during the following trading sessions. However, it is important to note that the nearest resistance level that could hinder the movement is located near the 84.01 mark.
The overall market sentiment is bullish and this could continue until the end of this week. Furthermore, the 55-, 100-, and 200-hour SMAs are all located below the price therefore, the uptrend pattern is likely to hold.