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AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness

 

AUDJPY showed a minor sell-off on weak Australian dollar. It his an intraday low of 114.21 and is currently trading near 114.35.

Technicals

CMP -114.35

Trend

1- Hour chart

Value

 

 

55 EMA

114.56

CMP>value

Bullish

200- EMA

114

CMP > value

Bullish

365- EMA

113.56

CMP>value

Bullish

800-H EMA

113.17

CMP>value

Bullish

  Major support- 113/112.60/112/111.40/110/109.30/108/107.69.

Major resistance: 115/116/117.

Momentum indicator

Inference

Value

CCI(50)

Bullish

146.96

ADX

 

Strength increased from 25.06 to 26.85

 It is good to buy on dips around 114, with SL around 113 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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