30 Apr 2015
CAD/JPY still comes with bullish momentum - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the CAD/JPY broken down into a full technical analyses.
Key Quotes:
"CAD/JPY’s push higher is struggling to extend and looks to be stalling around trend channel resistance in the upper 98 area and the CAD slips broadly today."
"There is still positive, residual momentum behind this move up though and we rather think the bias higher could and should be sustained near-term for a push towards 101/103."
"A weekly close above 98.85/90 would help boost the CAD’s trajectory."
Key Quotes:
"CAD/JPY’s push higher is struggling to extend and looks to be stalling around trend channel resistance in the upper 98 area and the CAD slips broadly today."
"There is still positive, residual momentum behind this move up though and we rather think the bias higher could and should be sustained near-term for a push towards 101/103."
"A weekly close above 98.85/90 would help boost the CAD’s trajectory."