CADJPY lost its shine as weak crude oil prices put pressure on the Canadian dollar. It hit a low of 106.86 and is currently trading around 106.98.
Technicals-
The pair is trading above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 107.25, a breach above targets 107.70/108/108.85. The immediate support is at 106.80, any violation below will drag the pair to 106/105.
Indicator ( hourly chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index- Bearish. All indicators confirm a bearish mixed trend.
It is good to sell on rallies around 107.28-30 with SL around 107.70 for a TP of 106.


NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger
FxWirePro- Woodies pivot (Major)
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: GBP/NZD gains some upside momentum but still bearish
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch 



