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Aussie Dollar Surge: Navigating the AUD/JPY Bullish Momentum

On board-based Australian dollar, AUDJPY rose over 112. It reached an intra day high of 111.01 and is presently trading at about 110.80. Technicals CMP -112.01 Trend 1- Hour chart Value 55 EMA 111.18 CMP >value Bullish 2…

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Aussie Dollar Surge: Navigating the AUD/JPY Bullish Momentum
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On board-based Australian dollar, AUDJPY rose over 112. It reached an intra day high of 111.01 and is presently trading at about 110.80.

 

Technicals

CMP -112.01

Trend

1- Hour chart

Value

 

 

55 EMA

111.18

CMP >value

Bullish

200- EMA

110.59

CMP> value

Bullish

365- EMA

110.37

CMP> value

Bullish

 

Major support- 111.40/110.80/110.35/109.80/109.50/108.95/108.50/107.65.

Major resistance-  111.15/112.10/113 

Momentum indicator

Inference

Value

CCI(50)

Bullish

147.84

ADX

Bullish

 

 It is good to buy on dips around 110.25-30, with SL at 109.50, for a TP of 112.

 

 

 

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