Our pivot point is at 116.33.
Our preference: under pressure below 116.33
Alternative scenario: above 116.33, look for 116.69 and 116.90.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115.92 and 115.79). Finally, the CAD/JPY is trading below its lower Bollinger band (standing at 115.65).
Supports and resistances:
116.90 **
116.69 *
116.33 **
115.38 last
114.96
114.75 **
114.54 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-06-2026 at 06:45 UTC+1
Price reference: 115.38 last known on 05-06-2026 at 06:45 UTC+1
Investment horizon: INTRADAY
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