The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
CAD/JPY broke resistance level 83.50
- CAD/JPY broke resistance level 83.50
- Next buy target - 85.00
CAD/JPY continues to rise after the earlier breakout of the key resistance level 83.50 (which reversed the previous minor corrective wave 4 at the start of March, as can be seen below). CAD/JPY is expected to rise further toward the next buy target at the next resistance level 85.00 (former resistance level from February). Buy stop-loss can be placed below the aforementioned price level 83.50.
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USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.