| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
Upside risks have been dominating the Australian Dollar versus the Japanese Yen since August 27, when the currency pair made a U-turn from the lower boundary of a long-term descending channel pattern at 70.00.
A breakout occurred through the upper boundary of the descending channel pattern at 73.83 on September 11.
Given that a breakout had occurred, the AUD/JPY exchange rate will likely continue its bullish momentum during the following trading sessions.
Although, if the weekly R2 at 74.73 holds, the currency exchange rate would likely make a brief retracement towards a support cluster set by the combination of the weekly PP and the 50– and 200– hour SMAs at 72.52 within next week's trading sessions.