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CADJPY Extends Its Downside

Discussion in 'Technical Analysis' started by Kaitlin, Feb 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    While pullbacks from 79.00 mark propelled the CADJPY towards testing a month's high, the pair failed to clear the 87.00 – 87.40 broad resistance area, encompassing 50% Fibonacci Retracement of its August 2015 – January 2016 decline and the 50-day SMA, indicating renewed downside to the January lows near 79.00[​IMG]

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