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AUDJPY Under Pressure: Bearish Technicals Signal Further Downside for the Aussie

AUDJPY trades weak as the Australian dollar loses momentum. It hits an intraday low of 110.619 and is now trading around 110.19.

Technicals

CMP -110.26

Trend

1- Hour chart

Value

 

 

55 EMA

110.8

CMP< value

Bearish

200- EMA

111.43

CMP >value

Bearish

365- EMA

111.44

CMP>value

Bearish

 Major support- 110.35/109.80/109.

Major resistance-  111.40/112/112.60/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bearish

-63.61

ADX

Neutral

 

 It is good to sell on rallies around 110.68-70 with SL around 111.35 for a TP of 109.

 

 

 

 

 

 

 

 

 

 

 

 

 

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