加元 / 日圓

CADJPY 1H

We did not retest the key support that was broken. We have hit a minor support (although a bit messy) and a 161 Fib retrace line. We are also oversold on RSI. I wouldn't say we're fully divergent as well as RSI is horizontally aligned. I think we could extend up to the 61 Fib extension (where the arrow ends).

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