CADJPY Holding Trend Support, For Now

DailyFX.com -

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

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