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Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part

AUDJPY has been moving upward, seemingly influenced by the recent easing in geopolitical tensions. It touched a peak around 112.36 during the day but has since settled closer to 111.71 in current trading.

Technicals

CMP -111.71

Trend

1- Hour chart

Value

 

 

55 EMA

110.96

CMP> value

Bullish

200- EMA

110.49

CMP >value

Bullish

365- EMA

110.61

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

146.34

ADX

Neutral

 

 It is good to buy on dips around 110.98-111 with SL around 109.75 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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