Last week i did an analysis on this pair and it played out so fine, as expected. Here again, this pair is providing us with another opportunity to jump on the train and catch big moves from it. CADJPY is near its yearly support , but currently, it's forming a symmetrical triangle on the daily chart. A breakout from any side would signal my entry into any...
At the close of Friday, CAD couldn't seem to push the price lower, even after the formation of the triple top pattern. The bulls are dominant in this pair and a long position would seem ideal.
At the close of Friday,after the completion of the double bottom pattern, we saw the aussie retest the 0.65424 resistance line, but couldn't break through. The opening of the new trading week could see the aussie fall against the dollar up to 1000 points.
