CADJPY D1: Bullish outlook seen, waiting for retracement to the
On the D1 timeframe, a strong bullish trend can be seen. Prices have broken out of the previous ascending channel at around 97.05, and the upper bound has served as a resistance turned support level on 2 occasions. A good opportunity to ride the trend at the 0.786 Fibonacci retracement level for the continuation to the upside.