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Demand for the safe-haven currency Yen grows, leading AUDJPY to trade weakly. It fell to 111.32 previous week and is now trading around 112.95.
|
Technicals |
CMP -112.95 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
113.16 |
CMP< value |
Bearish |
|
200- EMA |
113.60 |
CMP >value |
Bullish |
|
365- EMA |
113.39 |
CMP>value |
Bullish |
Major support- 112.35/111.90/111.30/110.80/110.
Major resistance- 113.50/114/114.40/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Bearish |
Strength increased from 24.92 to 35 |
It is good to sell on rallies around 113.40-45 with SL around 114.40 for a TP of 110.
