CADJPY Builds Base Below 20-SMA; Lacks Direction

<p>CADJPY has been underperforming in the past few days, breaking back below the 20-period simple moving average (SMA). On the daily chart, prices rebounded off the 74.80 support level on May 7 but based on the RSI, momentum is too weak to provide a sustained move higher. However, the stochastic oscillator is creating a bullish […]</p>
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