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Watching CADJPY at the top of its range
Seems $CADJPY is hitting resistance around 116.45-116.50 again. If it breaks through there decisively, my short-term bearish bias is off, but for now, it looks like a potential retrace.
1 comments · 1 points
Seems $CADJPY is hitting resistance around 116.45-116.50 again. If it breaks through there decisively, my short-term bearish bias is off, but for now, it looks like a potential retrace.
Interesting. Given the recent oil volatility, I'd be cautious about CAD strength holding up, even with JPY weakness.