Because rate increase expectations strained AUDJPY, the US dollar gained against all majors. It fell to 111.24 and is now trading close to 111.439.
|
Technicals |
CMP -111.439 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
112.43 |
CMP< value |
Bearish |
|
200- EMA |
113.02 |
CMP <value |
Bearish |
|
365- EMA |
112.71 |
CMP>value |
Bullish |
Major support- 111.40/110.80/110.
Major resistance- 111.80/112.40/113/113.56/114/115/116.25/117
OBV - Decrease in volume with price decline confirms bearish trend.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-24 |
|
ADX |
Bearish |
Strength increased from 15.08 to 28.79 |
It is good to sell on rallies around 111.68-70 with SL around 112.25 for a TP of 110.


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