CADJPY is back in bullish mode in the daily timeframe over the last eight months that helped the market to head higher and peak at 89.25 on October 3. While the MACD suggests that the market could maintain the neutral movement near the zero line and the RSI moves slightly below the 50 level, as the price has failed to provide strong direction during the past month. Moreover, the Bollinger Band is squeezing indicating sideways movement. Should the price head lower, traders could look for support around 85.40, which stands near the long-term ascending trend line. Even lower, a break below this line could shift the ... (full story)