AUDJPY pares some of its gains made yesterday as the Australian dollar loses momentum. It hit a high of 112.63 yesterday and is now trading close to 112.09.
|
Technicals |
CMP -112.20 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
112.11 |
CMP> value |
Bullish |
|
200- EMA |
112.81 |
CMP <value |
Bearish |
|
365- EMA |
112.57 |
CMP<value |
Bearish |
Major support- 110.80/110.
Major resistance- 113/113.56/114/115/116.25/117.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
5.66 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 112 with SL around 113 for a TP of 110.
