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Aussie Ascent: AUDJPY Bulls Target 115.00 Following Broad-Based AUD Buying

On board-based Australian dollar buying, AUDJPY rose over 113.50. It reached an intra day high of 113.62 and is presently trading at about 113.33.. Technicals CMP -113.33 Trend 1- Hour chart Value 55 EMA 112.13 CMP >valu…

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Aussie Ascent: AUDJPY Bulls Target 115.00 Following Broad-Based AUD Buying
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On board-based Australian dollar buying, AUDJPY rose over 113.50. It reached an intra day high of 113.62 and is presently trading at about 113.33..

 

Technicals

CMP -113.33

Trend

1- Hour chart

Value

 

 

55 EMA

112.13

CMP >value

Bullish

200- EMA

111.21

CMP> value

Bullish

365- EMA

110.66

CMP> value

Bullish

 

Major support- 112.70/112/111.40/110.80/110.35/109.80

Major resistance-  113.70/114.50/115 

Momentum indicator

Inference

Value

CCI(50)

Bullish

131.07

ADX

Neutral

 

 It is good to buy on dips around 112.78-80 with SL around 112 for a TP of 115.

 

 

 

 

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