AUDJPY has been consolidating in a narrow range between 114.30 and 113.65 for the past three days. It reached a low of 113.65 yesterday and is presently trading close to 113.84.
|
Technicals |
CMP -113.84 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
113.97 |
CMP< value |
Bearish |
|
200- EMA |
113.60 |
CMP >value |
Bullish |
|
365- EMA |
113.01 |
CMP>value |
Bullish |
Major support- 113.70/113/112.70/111.80/110.
Major resistance- 114.40/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
-114.74 |
|
ADX |
Neutral |
|
It is good to buy on dips around 113.58-60 with SL around 113 for a TP of 115.
