CADJPY: false breakout

2021年9月28日

And so, at the moment in the market, the Canadian dollar is inclined to decline. The earlier expected drop in oil only confirms the current moment. In the case of this currency pair, it is expected that a false breakout of the resistance line of the downtrend channel would lead the instrument to the area of 87.108 (support level). The downside potential may develop to the support line of this downtrend channel.

Remember, there is no place for luck in trading - only strategy!
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