Applause for the bulls on CADJPY. Yesterday demand broke resistance at 86.20 level which was stopping upward movement for entire March. Even bigger success is a new high. At this moment on a wider time-frame like weekly TF we can see characteristic scheme of higher highs and higher lows which may mean trend reversal. It has to be noted that price is moving in bullish regression channel and as long as it won’t break below, falls are unlikely. Nearest resistances: 88.90, 91.00, 93.00. Nearest supports: 86.20, 85.10, 84.30.
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