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Chart Of The Day: CAD/JPY

Published 09/08/2020, 05:28 PM
Updated 07/09/2023, 06:31 AM
CAD/JPY
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CAD/JPY is breaking lower out of an ascending wedge ahead of the Bank of Canada rate decision tomorrow. No one is expecting the BoC to move on rales, but a dovish slant from the central bank could allow a further move to the 200 dma and 50 dma confluence near the 79.80 level. A break of this level could attack the 78.95 level horizontal support once again. 

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