CADJPY Holding Trend Support, For Now
- 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.