AUDJPY showed a minor sell-off as Australian dollar loses momentum. It reached an low of 112.63 yesterday and is presently trading close to 112.99.
|
Technicals |
CMP -113.14 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
113.29 |
CMP<value |
Bearish |
|
200- EMA |
113.60 |
CMP <value |
Bearish |
|
365- EMA |
113.56 |
CMP<value |
Bearish |
Major support- 113/112/111.80/110.
Major resistance- 113.60/114/114.40/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-81.94 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 113.68-70, with an SL around 114.40, for a TP of 110.
