The Australian dollar-yen exchange rate maintained its upward trajectory on Tuesday, trading around 113.55 as technical analysis suggested scope for further gains.
According to the analysis, the pair’s average true range (ATR) target area is set at 114.02, contingent on a brief pullback in the near term. The hourly timeframe shows convergence patterns supporting the bullish outlook, while the U.S. Dollar Index’s recent decline is noted as a supportive factor for the cross.
Volatility metrics indicate the pair has averaged 79 pips per day over the current session, below its 90-day average of 88 pips, reflecting a moderation in intraday swings. The analysis suggests the pair could test the projected target if support at current levels holds, though no guarantees are implied.
