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CADJPY Holding Trend Support, For Now

CADJPY Holding Trend Support, For Now

Paul Robinson, Strategist

Talking Points:

  • CADJPY reversed lower off long-term trend-line (back to 2012) on CAD weakness
  • Currently testing rising short-term rising hourly trend-line; multiple touches indicate importance...
  • 1/29 article on AUDNZD shows a similar example of failure at resistance and break of 'well supported' t-line
  • Looking to sell on a clean break below trend-line

CADJPY – 1hr (Daily): Jan ’15 – Present

--- Written by Paul Robinson, DailyFX Research

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.