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Some times a little patience is needed and CADJPY is a perfect example. It's at a critical point, we would like to see it hold the current trendline and then get a close back above the 14.6% Fib Extension level. If we can get that close and our mathematical formulas still call for a bullish move we will be taking a position in our portfolio.
We are watching EURNZD for a daily close below the 14.6 Fib Extension level, if we get it and our mathematical formulas still recommend a short we will be taking a position for our portfolio.