As the Australian dollar gains strength, AUDJPY is trading higher for five straight days. Reaching an intraday high of 110.71, it is currently trading at about 110.658.
|
Technicals |
CMP -110.65 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.31 |
CMP> value |
Bullish |
|
200- EMA |
110.27 |
CMP >value |
Bullish |
|
365- EMA |
110.51 |
CMP>value |
Bullish |
Major support- 109/108.
Major resistance- 110.95/111.40/112/112.60/113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
86.91 |
|
ADX |
Bullish |
|
It is good to buy on dips around 110.18-20 with SL around 109.75 for a TP of 112.
