CAD/JPY Daily Report

Since the middle of January, the CAD has been trading in a bearish trend against the JPY. Currently, the currency pair touched its upper Bollinger Band. Last time as the CAD reached the upper Bolls, the prices rebounded. Also the resistance around 85.60 is near to the current market price. Furthermore the RSI may indicate a decreasing trend and so a continuing of the bearish movements for the CAD.