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Downward trend

Technical view: CAD/JPY’s rally is lagging…are we seeing a reversal?

Fundamental trends show no imminent signs of reversing, but CAD/JPY’s chart nonetheless suggests that there may be an opportunity for one or both of these currencies to reverse some of this year’s moves.

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July 28, 2022 02:36 PM
Market chart

European Open: RBNZ Hike Rates by 25 bps

The trouble was that it surprised nobody, so at the time of writing NZD is trading lower for the day. Still, it’s RBNZ’s first hike in 7 years so it's worth mentioning.

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