AUDJPY is consolidating in a narrow range after a nice pullback. It reached a peak of 112.36 yesterday and is currently trading at 111.69.
|
Technicals |
CMP -111.73 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
111.41 |
CMP> value |
Bullish |
|
200- EMA |
110.76 |
CMP >value |
Bullish |
|
365- EMA |
110.75 |
CMP>value |
Bullish |
Major support- 109/108.
Major resistance- 112/112.60/113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
47.51 |
|
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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