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Aussie Ascent: AUDJPY Hits Multi-Session Highs as Bullish Momentum Intensifies

AUDJPY is trading higher for the second consecutive week on board-based Australian dollar buying. Yesterday, it reached its highest point around 114.20; it is currently trading at roughly 114.06.

Technicals

CMP -114.03

Trend

1- Hour chart

Value

 

 

55 EMA

113.53

CMP> value

Bullish

200- EMA

112.43

CMP >value

Bullish

365- EMA

111.86

CMP>value

Bullish

 Major support- 113/111.80/110.

Major resistance-  114.20/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

120.80

ADX

Neutral

 

 It is good to buy on dips around 113.48-50 with SL around 112.80 for a TP of 116.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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