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CADJPY was trading weak for 2nd consecutive month and lost more than 800 pips on a weak Canadian dollar. USDCAD was one the best performer this month and jumped more than 7% on weak crude oil prices.
WTI crude is trading extremely weak and hits multi-year low at $25.78. Short term trend is still weak as long as resistance $35 holds.
On the flip side, near term support is around 73.85 and any violation below targets 72.15/70.
The immediate resistance is around 75.75 and the indicative break above will take the pair till 76.25/78.35.
It is good to buy on dips around 73.95-74 with SL around 73 for the TP of 78.
