1 May 2015
CAD/JPY: Rally remains ell underpinned - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted how CAD/JPY’s rally remains stalled against trend channel resistance in the upper 98 area.
"The rally still looks well-underpinned from a technical point of view though—trend momentum studies are aligned positively across a range of timeframes—and that is helping support the CAD on dips."
"More obvious progress through the 99 area needs to be seen sooner rather than later though to keep the move on track for a push on the 101/103 range. We remain bullish for now."
"The rally still looks well-underpinned from a technical point of view though—trend momentum studies are aligned positively across a range of timeframes—and that is helping support the CAD on dips."
"More obvious progress through the 99 area needs to be seen sooner rather than later though to keep the move on track for a push on the 101/103 range. We remain bullish for now."