The CADJPY extended its two day advance, but momentum maybe slowing as intraday studies look a bit over stretched. As a result, I took profits on the last 1/3 of my position from yesterday at 84.56.Looking ahead, currency traders will shift their focus to the Bank of Canada interest rate decision for the month of March.
CADJPY1 Hour Chart
Source: FXCM’s strategy trader – Prepared by Michael Wright
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