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Aussie in Retreat: AUDJPY Breaks Below Key Moving Averages as Bearish Pressure Mounts

 

Some of its gains on board-based Australian dollar selling were cut back for AUDJPY. It dropped to 111.83 and is currently trading around 111.89.

Technicals

CMP -111.94

Trend

1- Hour chart

Value

 

 

55 EMA

112.82

CMP <value

Bearish

200- EMA

111.94

CMP <value

Bearish

365- EMA

111.24

CMP<value

Bearish

 

Major support- 111.40/110.80/110.35/109.80.

Major resistance-  112.35/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bearish

-211

ADX

Bearish

 

 It is good to sell on rallies around 112.28-30 with SL around 112.85 for a TP of 10

 

 

 

 

 

 

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