AUDJPY increased almost 100 pips from yesterday's low on the robust Australian dollar. It is presently trading at about 110.80 and hit an intraday high of 111.01.
|
Technicals |
CMP -110.817 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.75 |
CMP >value |
Bullish |
|
200- EMA |
110.59 |
CMP> value |
Bullish |
|
365- EMA |
110.15 |
CMP> value |
Bullish |
Major support- 110.35/109.80/109.50/108.95/108.50/107.65.
Major resistance- 111.15/112.10/113
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
80.02 |
|
ADX |
Neutral |
|
It is good to buy on dips around 110.25-30 with SL around 109.50 for a TP of 112.
