AUDJPY showed a major pullback above 110 as the Australian dollar recovers. It reached an intraday high of 110.52 and is presently trading at roughly 110.44.
|
Technicals |
CMP -110.44 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.07 |
CMP> value |
Bullish |
|
200- EMA |
110.21 |
CMP >value |
Bullish |
|
365- EMA |
110.52 |
CMP<value |
Bearish |
Major support- 109/108.
Major resistance- 110.52/110.95/111.40/112/112.60/113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
133.42 |
|
ADX |
Bullish |
Strength increased from 16.99 to 26 |
It is good to buy on dips around 110.18-20 with SL around 109.75 for a TP of 112.
