Major trend reversal level: 82.85 (trend line joining 85.23 and 84.35)
CADJPY is consolidating after 20 days of bullishness. The jump was mainly due to a strong Canadian dollar. It was one of the best performing assets in the past 1-1/2 month against USD and gained more than 5% on gaining crude oil prices. It hits an intraday high of 83.23 and is currently trading around 83.06.
On the higher side, the pair is facing near term trend line resistance around 83.41 (200- day MA) and any break above targets 83.63 (300- day EMA)/84.35 is possible.
The near term major support is around 82.64 (55- 4H EMA) and any violation below will take the pair to next level till 82.35/82.
It is good to buy on dips around 82.60-65 with SL around 82 for the TP of 83.65/84.35.


FxWirePro: USD/CNY dips to hit three year low,scope for further downside
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/USD rises as soft US data pressures dollar
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision 



