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AUDJPY Sell-on-Rallies: Targeting 109.00 as Aussie Weakness Takes Hold

AUDJPY cut some of its gains on board-based Australian dollar weakness. Having fallen to an intraday low of 110.42, it is presently trading around 110.487.

 

 Technicals

CMP -110.48

Trend

1- Hour chart

Value

 

 

55 EMA

110.88

CMP <value

Bearish

200- EMA

110.58

CMP <value

Bearish

365- EMA

110.08

CMP> value

Bullish

 Major support- 110.35/109.80/109.50/108.95/108.50/107.65.

Major resistance-  111.15/112.10/113 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-51.09

ADX

Bearish

 Strength increased from 13.29 to 17

 It is good to sell on rallies around 110.78-80 with SL around 111.55 for a TP of 109.

 

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