Tickmill’s Investing Diva, CADJPY Daily Outlook 06-04-20

<p>CADJPY Daily Outlook – Last week oil surged together with the Canadian dollar with expectations that the Saudi-Russia price war could come to an end, the British Prime Minister Boris Johnson was hospitalized Sunday after suffering persistent symptoms of Covid-19, and the USD once again dominated the major crosses despite very negative business sentiment and employment numbers from the United States.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill <a href="https://www.youtube.com/watch?v=kUy4zhvFt4g&amp;feature=youtu.be">YouTube channel</a> and support us by liking and sharing this video with your forex trading friends.</p>
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<p>On Monday we’ll eye Australia’s Cash rate target along with following along with the Coronavirus developments on a week that’s expected to be the worst in the US in terms of the death toll.</p>
<p>Today I’m looking at the CAD/JPY pair which has been persisting above the key support level of 74 for the past month but at the same time has not been able to break above the medium-term resistance level of 78.31…</p>
<p>The pair is aiming to break above the 4-hour Ichimoku cloud with the Kijun line already crossing above the Tenkan line… This could signal at least another visit of the 78 level that short-term traders could consider…</p>
<p>Do you think the CAD/JPY pair will continue to range between 78 and 74 in April? Head over to the Comments section and let me know.</p>
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