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Aussie Slump: AUDJPY Reverses Gains as Bearish Momentum Intensifies

AUDJPY pared most of its gains on board-based Australian dollar weakness. It hits an intraday low of 110.83 and is now trading around 111.096

Technicals

CMP -111.09

Trend

1- Hour chart

Value

 

 

55 EMA

111.85

CMP< value

Bearish

200- EMA

112.09

CMP >value

Bearish

365- EMA

111.85

CMP>value

Bearish

 Major support- 110.80/110.35/109.80.

Major resistance-  111.40/112/112.60/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bearish

-180.48

ADX

Bearish

Strength increased from 17.48 to 21.88

 It is good to sell on rallies around 111.48-50, with SL at 112.10, for a TP of 110.

 

 

 

 

 

 

 

 

 

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