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Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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