CADJPY hits multi-week low on board-based Canadian dollar weakness. It hits a low of 104.59 and is currently trading around 105.38.
Canadian economy added 22000 jobs in August, compared to a forecast of 23.7K. Unemployment rate ticked higher to 6.6% from 6.4% the previous month. The weak employment data and easing inflation increased the chance of rate cut by BOC.
Technicals-
The pair trades above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 105.85, a breach above targets 106.28/106.75/107.25/108. The immediate support is at 105.20, any violation below will drag the pair to 104.58/103.95.
Indicator ( hourly chart)
CCI (14)- Bullish
CCI (50)- Bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to sell on rallies around 106.28-30 with SL around 106.76 for a TP of 105.


FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Woodies pivot (Major)
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: USD/CNY edges higher but bulls lack punch
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro: GBP/NZD gains some ground but outlook is bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish 



