Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

CAD/JPY breaks minor support 92, decline till 90.60 is possible

CAD/JPY has broken major support 92 and declined till 91.78. It is currently trading around 91.97.

  • Canadian dollar is trading weak against all major pair as oil prices tumbled near $40 due fresh signs of increasing supplies and declining demand especially china .
     
  • The pair's minor resistance is around 92.40 and any break above will take the pair till 93/93.25.
     
  • On the downside major support is around 91.60 and break below targets 91/90.60.

It is good to sell on rallies around 92-92.10 with SL around 92.41 for the TP of 91/90.60

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.