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Watching $CADJPY for a break or hold
Been looking at $CADJPY closely today, specifically around the 115.50 level. We saw a nice push up to 115.518 earlier, and it seems to be consolidating just under that. If it can break and hold above that 115.50 mark, I'd be looking for a potential move higher, but if it rejects that level convincingly and starts pushing back towards 115.343, that would definitely invalidate that upside scenario for me.
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That's a key level to watch. I'm seeing similar consolidation, but I'm also keeping an eye on the broader DXY strength; it could influence any sustained move on CADJPY.