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Aussie Strength Prevails: AUD/JPY Targets Multi-Year Highs as Bullish Momentum Builds

AUDJPY gained slightly on the board-based Australian dollar. It reached an intraday high of 113.73 and is presently trading close to 113.68. Technicals CMP -113.68 Trend 1- Hour chart Value 55 EMA 113.38 CMP> value Bulli…

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Aussie Strength Prevails: AUD/JPY Targets Multi-Year Highs as Bullish Momentum Builds
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AUDJPY gained slightly on the board-based Australian dollar. It reached an intraday high of 113.73 and is presently trading close to 113.68.

Technicals

CMP -113.68

Trend

1- Hour chart

Value

 

 

55 EMA

113.38

CMP> value

Bullish

200- EMA

113.37

CMP >value

Bullish

365- EMA

113.31

CMP>value

Bullish

 Major support- 112/111.80/110.

Major resistance-  114.40/115/116.25/117

Momentum indicator

Inference

Value

CCI(50)

Bullish

149.40

ADX

Neutral

 

 It is good to buy on dips 113.38-40 with SL around 112.80 for a TP of 116.25/117.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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