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AUD/JPY Holds Above 110.00: Buying the Dip for a Potential Rally Toward 112.00

AUDJPY holds above the 110 level as the Australian dollar gains momentum. It hit an intraday high of 110.39 and is now trading at about 110.34.

Technicals

CMP -110.34

Trend

1-hour chart

Value

 

 

55 EMA

109.93

CMP>value

Bullish

200- EMA

110.14

CMP >value

Bullish

365- EMA

110.55

CMP<Value

Bearish

800-H EMA

111.30

CMP<Value

Bearish

  Major support- 108.80/107.69/107.

Major resistance: 110.40/111/112/112.60/113/113.75/115.

Momentum indicator

Inference

Value

CCI(50)

Bullish

103

ADX

Neutral

 

 It is good to good to buy on dips around 110.18-20 with SL around 109.60 for a TP of  112.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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