| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The Australian Dollar has surged by 1.78% against the Japanese Yen since December 1. The currency pair was guided higher by the 50– period simple moving average.
The exchange rate is likely to continue to edge higher in an ascending channel pattern during the following trading sessions. The potential target for bulls would be near the 80.00 level.
However, the weekly R3 at 78.71 could provide resistance for the AUD/JPY currency exchange rate within this week's trading sessions.