CADJPY ...Will oil prices let CAD move up where it stuck?

30 April 2017, 12:49
Suat Emre

Declining oil prices are not letting CAD to be stronger.


When we look at CADJPY , picture comes out as :


CADJPY Daily Chart :


During last 3 dayS FIBO retracement 61.8  @81.20 was a strong support for CADJPY.


Below this level FIBO Expansion Line at 80.50 is the stronger support.


Declining trend channel is still valid.


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