SUMMARY:
The secondary trend of
AUDJPY
is sideways on charts and from past few trading sessions prices are
not sustaining at lower levels & consolidating with strong
positive bias to give break out at upside. In its hourly chart,
prices are facing an important resistance at the level of 93.20. 200
DMA is also supporting the upcoming bullish trend in the pair. If it
breaks the resistance level of 93.20 at upside then we can expect it
to test the level of 93.60/93.90.
INDICATORS:-
RSI is sustaining in buying territory supporting the
upcoming bullish trend in the pair.
MACD line is also sustaining in buying territory
indicating the bullish trend in the pair.
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| Technical Chart |
STRATEGY:-
AUDJPY
has bounced back from the lower level & looking bullish on charts
for next few session. One can go for buy on dips strategy for this
pair for intra day to mid term positions.
