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Aussie-Yen Retreats to 113.50 on Broad AUD Weakness—Bulls Circle 113.30 Dip for 115 Charge

AUDJPY pared some of its gains on board-based Australian dollar weakness. It reached an intraday low of 113.27  and is presently trading close to 113.56.

 

Technicals

CMP -113.58

Trend

4- Hour chart

Value

 

 

55 EMA

113.74

CMP<value

Bearish

200- EMA

113.28

CMP >value

Bullish

365- EMA

112.28

CMP>value

Bullish

 Major support- 113/112/111.80/110.

Major resistance-  114/114.40/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

-22

ADX

Neutral

 

 It is good to good to buy on dips around 113.28-30 with SL around 112.40 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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