Board-based selling in Australia caused AUDJPY to decline below 111. It hit an intraday low of 110.83 and is now trading at about 111.01.
|
Technicals |
CMP -111 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
111.44 |
CMP<value |
Bearish |
|
200- EMA |
112.035 |
CMP <value |
Bearish |
|
365- EMA |
112.31 |
CMP<Value |
Bearish |
|
800-H EMA |
111.59 |
CMP<Value |
Bearish |
Major support: 109.30/108/107.69.
Major resistance: 112/112.60/113/113.75/115.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-30 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 111, with SL around 111.65 for a TP of 109.30/108.
