TAG | CADJPY
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Remain Short CADJPY From 83.50; Stop at 82.62; Long AUDNZD, USDCAD
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82.62 · 83.50 · AUDNZD · CADJPY · From · long · Remain · Short · Stop · USD/CAD
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CAD/JPY Tests Range Top, Will Reversal Follow?
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The CAD/JPY has benefitted from a brighter outlook for the U.S. economy as Canada’s southern neighbor is its main trading partner. A strong private employment report from ADP helped reverse prior weakness derived from falling oil prices, as it improved the outlook for Friday’s Non-farm payroll report.
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22
CADJPY Breakout in the Horizon as the Pair Trades in a Congested Area
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The CADJPY extended its three day decline and now looks poised to continue its southern journey as technical indicators begin to paint a bearish picture.
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Area · Breakout · CADJPY · Congested · Horizon · Pair · trades
The CADJPY continues to trend higher following the massive drop in the pair following the U.S. nonfarm payrolls on Friday.
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