CAD/JPY has shown a huge jump after making a low of 81.40 yesterday on account of news that US will stay with NAFTA for the moment. US President Donald Trump told leaders of Mexico and Canada that he will not pull out of…
CAD/JPY has shown a huge jump after making a low of 81.40 yesterday on account of news that US will stay with NAFTA for the moment.
US President Donald Trump told leaders of Mexico and Canada that he will not pull out of North American Free trade agreement.
The pair shown a mild jump above trend line resistance of 82.14 and is currently trading around 81.99. On the higher side, any close above 82.20 (200- day MA) will take the pair to next level till 82.89 (200- 4H MA)/83.40 (55- day EMA)/84.20.
The near term support is around 81.40 and any break below will drag the pair down till 80.56/80.20 (61.8% retracement of 74.81 and 88.92).
It is good to buy above 82.20 with SL around 81.40 for the TP of 83.40/84.20.
