| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The AUD/JPY exchange rate has been trading upwards since the middle of May after it reversed north from the Fibo 23.60% at 68.63.
Note that the currency pair is trading near the resistance level –the Fibo 50.00% at 76.03. If the given level holds, it is likely that a reversal south could occur in the nearest future, and the pair could re-test the Fibo 23.60%.
On the other hand, the exchange rate could gain support from the 55-, 100– and 200-hour SMAs. Thus, some upside potential could prevail in the market. In this case the rate could face the resistance of the Fibo 61.80%.