AUDJPY has been consolidating in a narrow range between 111.99 and 111.24 for the past five days. It hits an intraday high of 111.62 and is now trading close to 111.55.
|
Technicals |
CMP -111.562 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
111.55 |
CMP> value |
Bearish |
|
200- EMA |
112.04 |
CMP <value |
Bearish |
|
365- EMA |
112.43 |
CMP<value |
Bearish |
Major support- 110.80/110.
Major resistance- 111.80/112.40/113/113.56/114/115/116.25/117.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
27.29 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 111.68-70 with SL around 112.25 for a TP of 110.
