CAD/JPY looking for short-term support

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February 7, 2017

CAD/JPY – The pair is currently below 50-moving average and stochastic is showing the pair is currently in oversold conditions. But recent strength in Japanese Yen could send this pair down lower if it doesn’t find support and breaks the 85 price level.Japanese Yen also ignored recent news release misses and could continue its strength against major currencies.

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