| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇘ |
The Australian Dollar has been trending bullish against the Japanese Yen since the beginning of April. The currency pair has surged by 8.7% during this month's trading sessions.
Everything being equal, the exchange rate will most likely continue to edge higher. The potential target for the AUD/JPY pair would be at the monthly resistance level at 71.68.
However, the weekly R2 at 70.05 could provide resistance for the currency exchange rate in the shorter term.