Experiencing poor data in the last week, CADJPY has been falling since March 1 after it bounced back at 85.000 psychological level. Looking in to the bigger time frame, CADJPY is reaching on the strong support at 85.500. However there will be a quick move later today as the Bank of Canada is expected to release its unchanged interest rate reports. As of writing, CADJPY at 83.512 , bears are trying to break the Long term ascending trend line below 83.450 which would make the pair to fall till 82.500 level . Although bears can enter into the market with minimum risk, history warns the fake bear breakouts. On the other side, in the main region, bulls can find a support near 83.550 where it can boost up above 84.000

CADJPY TODAY:
Daily open: 83.797
Daily Last high: 83.797
Daily Last Low: 83.498
Daily current growth: -0.30%