| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇘ |
Upside risks have been dominating the Australian Dollar against the Japanese Yen since October 10 after the currency pair made a U-turn from the lower boundary of an ascending channel pattern at 72.00.
Bullish momentum will likely continue to dominate the AUD/JPY exchange rate within the following trading sessions. The potential target will be at the 76.12 regions.
However, the currency exchange rate is expected to make a brief retracement towards a support cluster formed by the weekly S1 and the 100– period SMA at 73.83 in the nearest future.