0201 GMT - The Canadian dollar may enter another downtrend against the yen, based on the daily chart, Oanda's Kelvin Wong says in an email. The recent corrective rebound of CAD/JPY from the March 11 low may have reached a terminal point on March 26, as the currency pair's price movements shaped a bearish candlestick pattern, the senior market analyst says. Also, the daily relative strength index indicator has signaled a bearish momentum condition, which underpins the beginning of a possible downtrend, Wong says. Any break of the currency pair below support at 101.80 exposes subsequent medium-term support levels at 99.60 and 97.55, the analyst adds. CAD/JPY slips 1.1% to 103.69. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 02, 2025 22:01 ET (02:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。