AUDJPY is trading higher for the second consecutive week on board-based Australian dollar buying. Yesterday, it reached its highest point around 114.20; it is currently trading at roughly 114.06.
|
Technicals |
CMP -114.03 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
113.53 |
CMP> value |
Bullish |
|
200- EMA |
112.43 |
CMP >value |
Bullish |
|
365- EMA |
111.86 |
CMP>value |
Bullish |
Major support- 113/111.80/110.
Major resistance- 114.20/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
120.80 |
|
ADX |
Neutral |
|
It is good to buy on dips around 113.48-50 with SL around 112.80 for a TP of 116.
