AUDJPY cut some of its gains on board-based Australian dollar weakness. Having fallen to an intraday low of 110.42, it is presently trading around 110.487.
|
Technicals |
CMP -110.48 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.88 |
CMP <value |
Bearish |
|
200- EMA |
110.58 |
CMP <value |
Bearish |
|
365- EMA |
110.08 |
CMP> value |
Bullish |
Major support- 110.35/109.80/109.50/108.95/108.50/107.65.
Major resistance- 111.15/112.10/113
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-51.09 |
|
ADX |
Bearish |
Strength increased from 13.29 to 17 |
It is good to sell on rallies around 110.78-80 with SL around 111.55 for a TP of 109.
