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CADJPY remains positive despite pressure from sellers
CADJPY is fading following attempts to close a session above the 84.34 resistance from April 2019. Despite the overwhelming positive sentiment – reflected in the upward slopes of the Ichimoku lines and the 20-, 50- and 100-day simple moving averages (SMAs) – the technical indicators suggest a slight weakening in the positive direction. Technically, the MACD, in the positive zone, is flat above its red trigger line, while the RSI, in the bullish region has slightly subsided. Moreover, the Stochastics reflect a bearish tone with their crossover at the overbought level. That said, traders need to keep in mind the ... (full story)