CADJPY has pulled back to test trendline resistance as it continues its path in this downward trend channel. On the shorter term time frame, RSI divergence displays a switch in momentum. The pair continues to post lower highs and lower lows, we are expecting a continued move to the downside. Bollinger bands and 82.00 handle offer further resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.