Disclaimer: Idea is to complement your research.
With CADJPY Short for Bias, CXY (Canadian Dollar) has fail at 82.78-87.29 zone.
Currently Price is testing 82.78 Resistance;
A rejection to the Downside could see a Test of 79.7-78.16 zone (Previous Resistance for New Support).
Keep in mind:
A Weaker CAD and a Stronger JPY will Bear CADJPY.
The cad bullish momentum is going to be tested within the zone because it heading towards a major resistance zone. This zone has rejected several trends, causing bearish momentum in the past
Now would be the best time to test for the bearish emergence being that the cad is another safety currency. As the market's fears over the viruses ease more the cad might...