AUDJPY trades weak as the Australian dollar loses momentum. It hits an intraday low of 110.619 and is now trading around 110.19.
|
Technicals |
CMP -110.26 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.8 |
CMP< value |
Bearish |
|
200- EMA |
111.43 |
CMP >value |
Bearish |
|
365- EMA |
111.44 |
CMP>value |
Bearish |
Major support- 110.35/109.80/109.
Major resistance- 111.40/112/112.60/113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-63.61 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 110.68-70 with SL around 111.35 for a TP of 109.
