was rising agains the Japanese yen
from the end of August 2019. After correction in October the uptrend continued. The price reached its highest high on October 29-th. Right now it's correction time. Let's look at some technical and fundamental factors.
1. The currency formed some kind of 'bearish engulfing' pattern at its highest high.
2. CAD broke 9-EMA down
3. Parabolic SAR
5. DM+ crossed DM- down
The most important event next week is Japanese meeting minutes.