Technical Analysis – CADJPY loses momentum but stands above ascending trend line
CADJPY remains under pressure after the pullback on the 4-month high of 91.60. The pair plummeted towards the 88.50 support level and is now developing within the two medium-term simple moving averages of 50 and 100, at 88.60 and 89.12 respectively. Looking at the daily timeframe, technical indicators are holding near their neutral levels. The MACD oscillator slid below its trigger line […]