The CADJPY keeps the negativity – Analysis – 8-4-2020
Economies.com
2020-04-08 08:30AM UTC
The CADJPY pair ended its positive rebound by testing the bearish channel’s resistance at 78.20, to force the price to renew the negative attempts and settles near 77.52, while stochastic reach to the overbought areas supports ending the positive pressures and allow the price the chance to gather new negative momentum, to expect declining towards 76.80 and 76.35 levels.
The expected trading range for today is between 78.00 and 76.80
The expected trend for today: Bearish
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