AUDJPY trades higher for third consecutive days on board-based yen weakness. It reached an low of 112.91 and is presently trading close to 113.32.
|
Technicals |
CMP -114.23 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
113.90 |
CMP> value |
Bullish |
|
200- EMA |
113.605 |
CMP >value |
Bullish |
|
365- EMA |
113.47 |
CMP>value |
Bullish |
Major support- 112/111.80/110.
Major resistance- 113.50/114.40/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
163.98 |
|
ADX |
Bullish |
Strength increased from 20.63 to 22.84 |
It is good to buy on dips around 114 with SL around 113 for a TP of 116.25/117.
