CADJPY : falling between strong zones of resistance and support
170
Following the completion of the rising wedge pattern in January of this year, the price rallied by the volume of the trend preceding the pattern. And it broke through the level 86.59. Since the beginning of March, the price has been moving between this level and the 2019 resistance line. And last week she pushed off the level again. We can expect that the price will reverse at the strong resistance zone of 88.66 and fall again at the support blood level at 86.59.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.