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AUDJPY Pares Gains as Soft Australian CPI Cools Rally; Bulls Circle Key Dip-Buying Zone at 113.40

Following weak Australian CPI figures, AUDJPY gave back some of its recent rise. It dropped during the day to 113.72 and is now trading close to 113.77.

 

Technicals

CMP -113.77

Trend

1- Hour chart

Value

 

 

55 EMA

113.96

CMP<value

Bearish

200- EMA

113.75

CMP >value

Bullish

365- EMA

113.66

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

-164.14

ADX

Neutral

 

 It is good to good to buy on dips around 113.38-40 with SL around 112.60 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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