Canadian Dollar Pairs Stuck in Indecision as Bulls and Bears Battle for Control
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USD/CAD stuck in tight range around 200-day moving average, with bulls struggling to break resistance and bears unable to initiate reversal.
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CAD/JPY hovering near fresh 16-year peak but lacking momentum for sustained breakout, despite overall bullish sentiment.
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CAD/JPY facing downside reversal risks, especially if fundamental factors shift trader sentiment.
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Carry trade supports CAD/JPY bull case but intervention risks exist near 150.00 psychological barrier.
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Strategic positioning warranted in both pairs while awaiting definitive directional signals amid fluctuating dynamics.