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AUDJPY Under Fire: Aussie Dollar Retreat Targets 110.00 as Bearish Momentum Accelerates

AUDJPY lost its appeal as the Australian dollar lost momentum. It reached an intraday low of 111.78 and is presently trading at about 112.33.

Technicals

CMP -112.10

Trend

1- Hour chart

Value

 

 

55 EMA

112.57

CMP< value

Bearish

200- EMA

112.03

CMP >value

Bearish

365- EMA

111.42

CMP>value

Bearish

 Major support- 111.40/110.80/110.35/109.80.

Major resistance-  112.60/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bearish

-208

ADX

Bearish

Strength increased from 21.97 to 28

 It is good to sell on rallies around 112.48-50 with SL around 113.20 for a TP of 110

 

 

 

 

 

 

 

 

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