The CADJPY keeps the positive track – Analysis – 7-12-2021
Economies.com
2021-12-07 05:49AM UTC
The CADJPY price ended the negative rebound by testing the bullish channel’s support at 98.75, to form a strong obstacle against the negative attempts, to form a positive rally to surpass the moving average 55 and settles near 89.20.
We notice that stochastic begin providing positive momentum by exiting the oversold level, to increase the chances for gathering positive momentum, which allows it to achieve several gains by its rally to 89.80 and 90.80.
The expected trading range for today is between 88.55 and 89.80
The expected trend for today: Bullish
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