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
For weekly newsletter and research delivered to your inbox, sign up for DailyFX’s ‘Inside the Lines’.