CAD - BULLISH
1️⃣ Positive industrial production in China boosted the oil prices.
2️⃣ The rising in oil prices support the CAD.
3️⃣ CAD benefited from the risk-on tone.
JPY - BEARISH
1️⃣ Investor cheered as 15 Asian Pacific nations signed one of the biggest free trade deals in history, covering 2.2 billion people and 30% of the world’s economic output.
2️⃣ The risk-on tone weighing on JPY.
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Technical
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We are buying the CADJPY at a support level of 80.200 on the H1 chart.
1️⃣ Positive industrial production in China boosted the oil prices.
2️⃣ The rising in oil prices support the CAD.
3️⃣ CAD benefited from the risk-on tone.
JPY - BEARISH
1️⃣ Investor cheered as 15 Asian Pacific nations signed one of the biggest free trade deals in history, covering 2.2 billion people and 30% of the world’s economic output.
2️⃣ The risk-on tone weighing on JPY.
=====
Technical
=====
We are buying the CADJPY at a support level of 80.200 on the H1 chart.
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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.
Disclaimer
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.