AUD/JPY 4H Chart: Tests 83.00 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇒⇘⇗

[ANNOUNCE]The Australian Dollar has declined by 189 pips or 2.23% against the Japanese Yen since June 11.[/ANNOUNCE] The currency pair tested the 83.00 level during yesterday's trading session.

All things being equal, the exchange rate could continue to trend bearish during next week's trading sessions. A breakout through the lower line of a descending channel pattern could occur today.

However, if the channel pattern holds, the AUD/JPY currency exchange rate would make a brief retracement towards the 84.50 area in the shorter term.

Actual Topics