| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
Upside risks have dominated the Australian Dollar against the Japanese Yen, thus allowing the currency pair climbing 350-pips or 4.32% within a couple of days. The latest peak was yesterday when the rate made a U-turn after hitting a resistance cluster set by the weekly and the monthly PPs near 84.35.
The exchange rate has been moving along a junior ascending pattern until it reached the 50.00% Fibonacci retracement level and reversed south. This retracement can be measured by connecting the low at 80.52 and the high at 88.50.
Given that a breakout had occurred through the lower boundary of an ascending channel, the currency exchange rate is likely to decline further south until it encounters a support level formed by the combination of the 55-,100-, and 200– hour SMAs.