FX.co ★ Technical Analysis of Daily Price Movement of CAD/JPY Cross Currency Pairs, Tuesday September 10, 2024.

If we look at the 4-hour chart of the CAD/JPY cross currency pair, there is a deviation between its price movement and the MACD Histogram indicator, which indicates that in the next few days it has the potential to weaken, but as long as the weakening does not exceed below the level of 101.65, CAD/JPY has the opportunity to strengthen again to rise to the level of 109.03 and if this level is successfully broken upwards and supported by sufficient momentum and volatility, it is not impossible for CAD/JPY to continue its strengthening to the level of 112.09.

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